April 24, 2014 / 4:32 PM / 4 years ago

Saipem says US DOJ has asked for information on Algeria

MILAN, April 24 (Reuters) - The U.S. Department of Justice has asked Italian oil services group Saipem for information on a probe into alleged corruption in Algeria, the group’s CFO said on Thursday.

“They sent us a request for information on Algeria,” Alberto Chiarini said on a conference call with analysts.

Saipem, which is 43 percent owned by Eni, is embroiled in judicial investigations in Italy and Algeria that claim it paid bribes to secure a series of contracts in the North African country worth $11 billion.

Last July Saipem said it had entered a tolling agreement with the DOJ to extend by 6 months the limitation period applicable to any possible violations of federal laws of the United States with regard to Algeria.

Saipem has denied any wrongdoing.

Reporting by Stephen Jewkes; editing by Francesca Landini

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