Shell has writes down Nigerian licence at heart of Italian bribery trial

Shell has writes down Nigerian licence at heart of Italian bribery trial, Ifeplay

Regal Dutch Shell said on Thursday its second-quarter writedowns incorporate the OPL 245 permit for a seaward oilfield in Nigeria which it holds close by Eni and which is at the focal point of a progressing debasement legal dispute in Italy.

Italian examiners have requested oil majors Eni and Shell to be fined and a portion of their present and previous administrators, including Eni CEO Claudio Descalzi, to be imprisoned in a long-running preliminary over supposed debasement in Nigeria. All the litigants have denied any bad behavior.

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Shell said a post-charge weakness charge of $4.658 billion was “basically identified with unpredictable resources in North America, resources seaward in Brazil and Europe, a venture in Nigeria (OPL245), and a benefit in the U.S. Bay of Mexico.”

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