Milan Court Rejects Nigeria’s Compensation Request Against Eni, Shell

 An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni (ENI.MI) and Shell (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal.

The decision was read out in court.

In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi, in one of the oil industry’s biggest alleged corruption cases.

Prosecutors alleged that just under $1.1 billion of the total amount was siphoned off to politicians and middlemen.

A lawyer representing Nigeria in the proceedings added the country was still deciding whether to appeal the decision at Italy’s top administrative court.

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Documents explaining the reasons behind Friday’s decision will be made available in 90 days.