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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.

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