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Wednesday 21 September 2016

FG Suing Shell, Chevron, Agip, Others Over Stolen Oil

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Officials say Nigeria is suing several major oil
companies for $12.7 billion of oil allegedly exported illegally to the
United States between 2011 and 2014.


The Federal High Court in Lagos begins hearings next week in 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.
Officials familiar with the cases say the government alleges that the
companies did not declare more than 57 million barrels of crude oil
shipments. That was deduced from audits of declared exports and what was
unloaded in the United States.
The officials spoke on condition of anonymity because the cases still are
in court.
Oil companies did not immediately respond to requests for comment.

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