13-12-2016 21:10 via uk.news.yahoo.com

Nigerian parliament opens inquiry into long-disputed Shell, Eni oil field

Nigeria's lower house opened an investigation on Tuesday into an offshore oil field owned by Royal Dutch Shell and Eni , the latest inquiry into their acquisition of the OPL 245 licence block which could hold up to 9.23 billion barrels of oil, according to industry figures. Earlier this year the Dutch and Italian authorities launched their own investigations. The acquisition in 2011 was a "breach of due process that resulted in monumental revenue loss to the country," said Yakubu Dogara, speaker
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