BP’s oil spill bill reaches $ 2,350 million

LONDON – British oil group BP announced that the costs associated with the oil slick in the Gulf of Mexico had arrived on Friday at 2,350 million dollars.

This amount includes all expenses incurred by the group to contain and clean oil, drilling emergency aid paid to the coastal states, the damages paid and the payments to the federal authorities, reported BP. The British group reiterated that it was too early to calculate the final cost of the disaster.

Trading of fell this Friday morning to levels unseen in 13 years on the London Stock Exchange because of the incalculable costs. At about 09h25 GMT, BP stocks sank 6.57% to 304 pence on the London Stock Exchange, after falling shortly before to its lowest level in 13 years (300.58 pence).

From late April when the platform exploded and sank Deepwater Horizon, compared to Louisiana, the costs of the oil group to contain and clean up the oil spill have continued to increase, while continuing the dumping at sea of oil and polluted 200 km of coastline.

On Monday, BP announced that its expenses related to the oil spill had reached the limit of two billion dollars. Last week, the group had announced the creation of a fund of 20,000 million dollars will be devoted to compensating victims of oil pollution. But this amount is not capped and the total cost could be much higher.

Keywords: Tags: bp, BP stocks, oil spill
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Posted by Paul Brian on Jun 25 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry