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Eni audit does not indicate wrongdoing in Algeria probe

Eni board acknowledges changes at Saipem

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America24, 27 gennaio 2014, 00:37

The Italian oil and gas company Eni said that its board examined yesterday the results of forensic audits carried out by third parties regarding activities in Algeria which are under investigation by the judicial authority.

"The results of the audits revealed neither evidence of illegal or corrupt conducts of Eni, nor the existence of intermediary contracts between Eni and the third parties under investigation. In line with Eni’s spirit of full cooperation and transparency, the outcome of the audits will be immediately made available to the relevant authorities," it said.

Eni added that its board has also taken note of the "actions of organisational and managerial discontinuity and of the audits initiated" by its oil services unit Saipem.

Saipem is being investigated for alleged kickbacks paid to win a total of 8 billion euros in contracts in Algeria.

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