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Shell Says It Awaits Dutch Prosecution Over Nigerian Oil Deal

Law360 (March 1, 2019, 9:52 PM EST) -- Royal Dutch Shell PLC said Friday that prosecutors in the Netherlands are likely to criminally charge the oil giant related to long-running issues around a Nigerian oil block that has spawned lawsuits and accusations of massive corruption.

In a brief statement, Shell said a Dutch investigation related to the 2011 settlement of disputes over Oil Prospecting License 245 in Nigeria is nearing its end and the Dutch Public Prosecutor's Office is "preparing to prosecute."

The 2011 oil deal involved money paid by Shell and others to acquire an exploration license for a Nigerian oil block called OPL 245, which holds billions...

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