Africa Oil & Gas: Nigeria lost $6 billion to Shell and Eni

A new report finds that Nigeria missed out on nearly $6 billion in projected revenues because of the odd structure of a 2011 oil deal it made with Royal Dutch Shell (NYSE: RDS.A) and Eni (NYSE: E).

The deal is now in focus because of a corruption trial in Milan, where Eni executives are in the hot seat.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Discover more from

Subscribe now to keep reading and get access to the full archive.

Continue reading