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Malabu oil fields : Shell admits negotiating through 3rd party
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Malabu oil fields : Shell admits negotiating through 3rd party

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Image result for malabu oil fields shellShell Petroleum Company has admitted for the first time that it used a third party to negotiate access to a vast oil field in Nigeria.

This comes after emails were published showing Shell negotiating the deals.

Shell and an Italian oil company paid $1.3bn to the Nigerian government for access to the field while Investigators claim $1.1bn was passed to a private firm.

Shell and the Italian firm, ENI, agreed a deal with the Nigerian government for the rights to exploit OPL 245, a prime oil block off the coast of the Niger Delta.

Spokesman for the oil firm said there had been wide consultations before signing the deal.

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