#Congo #Country Updates #News #Upstream Oil & Gas News

Italian judge accepts Eni request to settle Congo Republic oil probe

An Italian judge accepted on Thursday a request filed by energy group Eni with prosecutors to pay 11.8 million euros ($14 million) to settle an investigation into oil permits in Congo Republic.

“Eni reiterates that is pleased that the Milan Court also confirmed the absence of alleged offences of international corruption: this decision allowed the definition of the settlement”, the company said in a statement.

Reuters previously reported sources saying the settlement request had come after prosecutors agreed to downgrade the allegations from international bribery to undue inducement.

Eni filed the request with prosecutors in Milan earlier in March and sources had said the approval by the judge was expected on Thursday.

Settling a criminal case in Italy does not involve any admission of guilt or responsibility.

Click on the link below for full report

Source: SweetCrudeReports

Leave a comment

Your email address will not be published. Required fields are marked *