Eni CEO Denies Allegations of Potential Conflict of Interest in Congo
27 September 2019 - 4:14PM
Dow Jones News
By Sarah Sloat
The chief executive of Italy's Eni Spa (ENI.MI) has denied
allegations that he failed to disclose a potential conflict of
interest in Congo, the energy company said late Thursday.
Eni CEO Claudio Descalzi said he "firmly rejects the alleged
accusation" after being served a notice by Milanese prosecutors
relating to a potential conflict of interest between Eni's Congo
unit and the Petroservice group, a supplier.
"The transactions between Eni Congo and the company Petroservice
were never the subject of my consideration and decision, as fully
outside my role," Mr. Descalzi said in a statement.
The company didn't provide additional detail on the allegations.
Eni is active in Congo mainly in exploration and production onshore
and offshore, and also has activities in the chemicals sector.
Eni said is has concluded independent investigations in the
matter that "excluded any breaches and behaviors in favor or
against Eni, aimed at benefitting service suppliers, and in
particular Petroservice, for the relevance of this case."
Eni said it had shared the conclusions of those investigations
with prosecutors.
"The investigations undertaken confirm that the tenders won by
Petroservice took place within a competitive framework and in
substantial respect of the existing tendering procedures," Eni
said.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
September 27, 2019 01:59 ET (05:59 GMT)
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