Tuesday, 20 September 2016

Nigeria sues Chevron, British-Dutch Shell, Italian ENI’s Agip over $12B oil Theft


A Federal High Court in Lagos will begin hearing  cases filed against Nigerian subsidiaries of U.S. multinational Chevron, British-Dutch Shell, Italian ENI’s Agip, France’s Total and Brasoil of Brazilian Petrobas, according to the court register.
Chevron would not comment since the issue “is the subject of ongoing litigation,” said a spokeswoman at the company’s Houston headquarters, Isabel Ordonez. Other companies did not immediately respond to requests for comment.
ome shiploads registered less when they left Nigeria and more on reaching the United States, while some entire shiploads were undeclared in Nigeria, said the officials, who spoke on condition of anonymity because the cases still are in court.
The United States was the biggest importer of Nigerian oil until it began exploiting its own shale oil reserves, though Nigerian exports to the U.S. have increased six-fold this year, according to OPEC.
more on : https://www.washingtonpost.com/business/nigeria-sues-oil-companies-for-127b-in-illegal-exports/2016/09/20/57099bc6-7f3f-11e6-ad0e-ab0d12c779b1_story.html

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