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UPDATE 1-U.S. DOJ closes Nigeria, Algeria investigations into Eni

Published 01/10/2019, 16:36
Updated 01/10/2019, 16:40
© Reuters.  UPDATE 1-U.S. DOJ closes Nigeria, Algeria investigations into Eni
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MILAN, Oct 1 (Reuters) - The U.S. Justice Department has

closed its investigations into alleged corruption by oil major

Eni ENI.MI in Nigeria and Algeria without taking any action,

the Italian energy group said on Tuesday.

Eni, the biggest foreign oil and gas producer in Africa, is

currently on trial in Milan on graft allegations revolving round

the acquisition of a giant Nigerian oilfield in 2011.

In that case Eni and peer Royal Dutch Shell RDSa.L are

accused of buying the OPL 245 offshore field for about $1.3

billion in a deal that spawned one of the industry's largest

graft scandals. Milan prosecutors allege that about $1.1 billion of the

total was siphoned off to pay politicians, businessmen and

middlemen.

Eni and Shell have denied any wrongdoing.

"Today's decision by the DOJ confirms the findings of

independent advisors, who conducted investigations into the

claims... which also found no illegal activity," Eni said.

It said it was confident the allegations leveled at it by

prosecutors in the Milan court case would be found groundless.

Eni had also been involved in a long-running corruption case

involving its previously 43%-owned unit Saipem SPMI.MI over

alleged bribes in Algeria paid to win contracts.

A Milan court acquitted Eni last year.

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