Nigerian lawmakers want Shell, Eni oil block award revoked

Nigeria should revoke oil rights for which Royal Dutch Shell Plc  and Eni SpA  paid $1.1 billion, a parliamentary committee said, alleging that the acquisition process was “highly flawed.” Shell and Eni jointly bought Oil Prospecting License 245 from Malabu Oil & Gas Ltd., controlled by Dan Etete, a former oil minister, in 2011. Located […]

Nigerian lawmakers want Shell, Eni oil block award revoked

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