The Republic
Companies

Oil & GasOil & Gas·military·Founded 1962 (Port Harcourt)

Nigerian Agip Oil Company (NAOC) / Eni

Status: Onshore divested to Oando (2024).

Ownership

Foreign-controlled · Italy

Parent / controller: Eni S.p.A.

Operator of the NNPC/Agip/Phillips JV onshore; divested to Oando in 2024 — the second indigenisation mega-deal alongside ExxonMobil/Seplat.

See Italy in the Diplomatic Record →

Why it is on record

Built the Brass River terminal and the Okpai independent power plant (IPP). The 2011 OPL 245 / Malabu scandal — Eni and Shell jointly paid $1.1bn for the block, triggering a decade of cross-border anti-corruption litigation — is the defining accountability event.

Record held

OPL 245 / Malabu litigation: largest oil-bribery prosecution in African history (Milan court acquittal 2021, appeals continued).

Deep dive

Nigerian Agip Oil Company (NAOC) is the Eni-controlled operator of OML 60–63 in the onshore Niger Delta. Together with the Brass terminal and the associated gas system, it has historically been one of the four IOC joint-venture operators with NNPC (alongside Shell, Mobil and Chevron). The 2024 sale of NAOC to Oando — completing Eni's onshore exit and concentrating the company on the deepwater offshore — is one of the defining transactions of the 2020s Nigerian upstream realignment.

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.