30th Jun 2014 05:33
LONDON (Alliance News) - Oil giant BP PLC has approached a US court seeking repayment from several companies part of the compensation they received related to the Gulf of Mexico oil spill.
The oil company claimed these companies were allowed to inflate their losses by the administrator in charge of processing the claims.
The explosion at the Deepwater Horizon rig, which occurred in April 2010, killed 11 workers and triggered the worst offshore oil spill in the US BP has been fighting hard to limit the compensation related to the spill.
Subsequently, BP reached a USD7.8 billion settlement in business claims, which it now believes that several companies inflated.
BP.L closed down 0.2% on Friday at 514.60 pence.
Copyright RTT News/dpa-AFX
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