Friday, February 28, 2025, 3:15PM |  38°
MENU
Advertisement
Eni CEO Claudio Descalzi stands prior to the Eni investor meeting, in Milan, Italy, Wednesday, March 15, 2017. (AP Photo/Antonio Calanni)
3
MORE

Eni CEO: Corruption investigation unlikely to affect mandate

Antonio Calanni

Eni CEO: Corruption investigation unlikely to affect mandate

The CEO of Italian gas and oil giant ENI says he does not expect that joint corruption investigations into a Nigerian oil field contract will impact a decision on renewing his mandate

MILAN (AP) — The CEO of Italian oil and gas producer ENI says he does not expect that corruption investigations into a Nigerian oil field contract will impact a decision on renewing his mandate.

CEO Claudio Descalzi said Wednesday that he didn’t think investigations in Milan and Nigeria would impact the decision, but added “you need to ask those who must decide.”

The Italian government, which is ENI’s largest shareholder with a 30-percent stake, is expected to decide this month whether to confirm Descalzi. Investors have praised the current management’s results, particularly in exploration and production.

Advertisement

Milan prosecutors are seeking indictments against Descalzi and 10 others for allegedly paying bribes to win rights to a $1.1 billion sale of one of Africa’s richest oil blocks. A decision isn’t expected before June.

First Published January 1, 2001, 12:00am

Advertisement
RELATED
SHOW COMMENTS   
Join the Conversation
Commenting policy | How to Report Abuse
Partners
Advertisement
Ohio State quarterback Will Howard passes against Notre Dame during first half of the College Football Playoff national championship game Monday, Jan. 20, 2025, in Atlanta.
1
sports
Steelers NFL draft big board: Best fits at quarterback
Pittsburgh Penguins goaltender Alex Nedeljkovic takes a timeout during the first period of an NHL hockey game against the Washington Capitals in Pittsburgh, Saturday, Feb. 22, 2025.
2
sports
Penguins rally after Alex Nedeljkovic’s outburst, beat the Flyers in overtime
Eagles quarterback Jalen Hurts, center, and teammates run the 'Tush Push' play during an playoff game against the Washington Commanders, Sunday, Jan. 26, 2025, in Philadelphia.
3
sports
Ray Fittipaldo: The Packers are right. The NFL should ban the 'Tush Push'
The 1860s farmhouse at 317 James St. in Verona has a new gray and black color scheme.
4
life
Buying Here: Brooklyn chef snaps up an 1860s farmhouse priced at $230K
Janet Broniecki pushes a cart of bread into a temperature-controlled proofer to let the dough rise before baking. Mancini's  produces 10,000 loaves a day, 7 days a week.
5
life
Iconic Eats: McKees Rocks-based Mancini’s Bakery has been feeding the area since 1926
Eni CEO Claudio Descalzi stands prior to the Eni investor meeting, in Milan, Italy, Wednesday, March 15, 2017. (AP Photo/Antonio Calanni)  (Antonio Calanni)
Eni CEO Claudio Descalzi stands prior to the Eni investor meeting, in Milan, Italy, Wednesday, March 15, 2017. (AP Photo/Antonio Calanni)  (Antonio Calanni)
Eni CEO Claudio Descalzi, right, talks with Borsa Italiana s.p.a. CEO Raffaele Jerusalmi prior to the Eni investor meeting, in Milan, Italy, Wednesday, March 15, 2017. (AP Photo/Antonio Calanni)  (Antonio Calanni)
Antonio Calanni
Advertisement
LATEST business
Advertisement
TOP
Email a Story