Equinor Says It Wins Nigeria Case Over Agbami Oil Profits



William Clowes | Bloomberg

Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the company’s profits from one of the country’s largest oil fields to a former consultant.

The Supreme Court decision Friday that the lower court had no jurisdiction over the case should conclude a dispute that has played out in the West African nation for more than a decade, Equinor spokesman Erik Haaland said. “We are pleased with the court’s decision, which is in line with our position,” he said in an emailed statement.

To read the full article from Bloomberg, please click here