MILAN (Reuters) - Italian oil group ENI's Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal. However, Descalzi told the WSJ that he would likely step down if found guilty in the Nigeria case rather than wait for the outcome of lengthy appeals. Representatives at ENI confirmed the details of the interview. A verdict in the case is expected later this year, and in the Italian legal system the ruling could be appealed twice. Controlled by the Italian state, Eni has one of the best exploration track records in the industry.

Source: Wall Street Journal January 26, 2020 00:56 UTC