By Mauro Orru

 

A court in Milan rejected an appeal by Nigeria that sought compensation from Italian oil-and-gas major Eni SpA in a corruption case related to oil-drilling rights in the African country.

Eni said Friday that it was satisfied with the decision from the Milan Court of Appeal. Eni, including Chief Executive Officer Claudio Descalzi, and Shell PLC were on trial over a payment made for drilling rights in Nigeria that prosecutors argued was mostly for the purpose of bribes.

Eni and Shell had jointly bought drilling rights off the coast of Nigeria in 2011 in an area known as OPL 245.

However, Italian prosecutors in July dropped a legal challenge over the acquittal of Eni.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

November 11, 2022 10:10 ET (15:10 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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