BREAKING NEWS

BREAKING NEWS

Dutch Prosecutor prepares to prosecute Shell for 2011 purchase of Nigerian oilfield

Dutch Prosecutor prepares to prosecute Shell for 2011 purchase of Nigerian oilfield
FILE PHOTO: The Shell logo is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo -
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(Reuters) - Royal Dutch Shell Plc said on Friday it was informed by the Dutch Public Prosecutor's Office that they were preparing to prosecute the oil major for criminal charges related to its 2011 purchase of a Nigerian oilfield.

Italy's Eni SpA and Shell bought the OPL 245 offshore field for about $1.3 billion (980 million pounds) in a deal that spawned one of the industry's largest corruption scandals. It is alleged that about $1.1 billion of the total was siphoned to agents and middlemen.

(Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

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