Shell writes down Nigerian licence at heart of Italian bribery trial

Published 30/07/2020, 07:34
© Reuters.
SHEL
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ENI
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LONDON, July 30 (Reuters) - Royal Dutch Shell RDSA.L said
on Thursday its second-quarter writedowns include the OPL 245
licence for an offshore oilfield in Nigeria which it holds
alongside Eni ENI.MI and which is at the centre of an ongoing
corruption court case in Italy.
Italian prosecutors have asked for oil majors Eni and Shell
to be fined and some of their present and former executives,
including Eni CEO Claudio Descalzi, to be jailed in a
long-running trial over alleged corruption in Nigeria. All the
defendants have denied any wrongdoing. Shell said a post-tax impairment charge of $4.658 billion
was "mainly related to unconventional assets in North America,
assets offshore in Brazil and Europe, a project in Nigeria
(OPL245), and an asset in the U.S. Gulf of Mexico."

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