Phone recording reveals Shell executives concerned about illegal conduct

A telephone call between Shell's CEO and CFO could affect the oil company in a controversial bribery case in Africa, reports The Wall Street Journal.

Photo: Alastair Grant/AP/Polfoto

The recording of a telephone call between Shell's CEO (depicted) and CFO last year shows that the company is concerned that a controversial oil deal in Nigeria has contravened the law in accordance with US legislation. The oil deal is already being investigated by authorities in Italy, Nigeria, and The Netherlands due to bribery charges, reports The Wall Street Journal.

The oil agreement, discussed by the two executives over the phone, was made between Shell, Nigeria's government, and Italian oil company Eni in 2011. The agreement, worth USD 1.3 billion, concerns oil production in the Atlantic Ocean.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs