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North Sea oil trader accused of ‘lying’ over £500m Abu Dhabi loans

Summary
An oil trader attempting to buy swathes of the North Sea from Shell has been accused of relying on “fictitious” loans from Abu Dhabi Sheikhs.

1 Articles

The TelegraphThe Telegraph
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North Sea oil trader accused of ‘lying’ over £500m Abu Dhabi loans

New court documents allege that Francesco Mazzagatti relied on facilities that ‘never existed’

·London, United Kingdom
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Bias Distribution

  • 100% of the sources lean Right
100% Right

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The Telegraph broke the news in London, United Kingdom on Sunday, October 5, 2025.
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