Eni under scrutiny in Republic of Congo


Issue 368 - 18 May 2018 | 1 minute read

With chief executive Claudio Descalzi and other senior executives already mired in a corporate bribery case over Nigerian OPL 245, Italian major Eni is coming under intense scrutiny over alleged malfeasance in the 2013 sale of a 23% stake in Block Marine XI, offshore Republic of Congo. The stake in Marine XI – operated by London Stock Exchange-listed Soco International, with Petro Vietnam and state Société Nationale des Pétroles du Congo – was purchased by the previously unknown World Natural Resources Congo (WNR) for $15m, borrowed from a Swiss-based company.

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