The trial of top executives from two oil majors, Eni and Shell, over alleged corruption in Nigeria started on Monday with a brief procedural hearing and a decision to re-adjourn to next month.
The trial, which was initially scheduled to begin on March …
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Eni, the parent company of Nigerian Agip Oil Company (NAOC), said the oil firm’s production had been cut short by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa.
News Agency of Nigeria (NAN) recalls that earlier attacks in the oilfield on May 18 and 24 resulted in...
agip oil production
nigerian agip oil company
In face of the economic hardship and global crisis, various reports indicated that Nigeria has lost billions of dollars because of the 10-year tax break given to Shell, Total and Eni, three of the world’s biggest oil and gas companies.
That staggering $3.3bn (£2.3bn) revenue loss, in a country...