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The Oil and Gas Industry as the Latest to Become Embroiled in Corruption Allegations

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On quite a few occasions here in Financial Regulation Matters , we have looked at the issue of corruption; that subject has taken across a number of industries, ranging from automobiles , tobacco , aerospace , and technology . In today’s post, the focus turns to the Oil and Gas Industry with news coming earlier in the month from Italy that one of the ‘ biggest corporate bribery trials in history ’ will start in 2019. So, we shall look at some of the details of the forthcoming case and assess it against a backdrop of legal action which is, on a global scale, looking to take the fight to corporate corruption. It was announced on the 20 th of December that industry-leading corporate giants Royal Dutch Shell and Eni would have to face trial in 2019, in Milan, to face allegations of corporate bribery in relation to a Nigerian oil-field . The trial is to focus on payments made by the companies in 2011, with the allegation being that the payments constituted bribes to secure a Nigeria...