Italian Prosecutors Probes ENI Over Kazakhstan

May 11, 2012

Italian prosecutors are probing oil giant ENI over bribes it allegedly paid that could see restrictions placed on its Kazakhstan operations.

ENI chief executive Paolo Scaroni confirmed a probe was underway by Milan prosecutors but said he was not overly concerned.

"It is a probe concerning events that took place in 2004-2005," said Scaroni.

ENI had been cooperating with prosecutors since 2009 on these events and "we're waiting to see what will happen."

According to the Corriere della Sera daily, prosecutors believe that ENI paid at least $20 million up until 2007 as part of its development of the giant Kashagan field in Kazakhstan.

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