BP has spent $1.6 bn on oil spill so far - The Hindu

British energy major BP Plc on Monday said the response to the devastating oil spill in the Gulf of Mexico has so far cost the company $1.6 billion.

Visit http://metlifeinsuranceproducts.wordpress.com/ for MetLife Insurance Products News and Reviews.

One of the worst oil spills in recent history, the disaster has till date attracted more than 51,000 claims from various quarters. One of the worst oil spills in recent history, the disaster has till date attracted more than 51,000 claims from various quarters. “The cost of response (to the Mexican Gulf oil spill) to date amounts to approximately $1.6 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs,” BP said in a statement.

Full Story: BP has spent $1.6 bn on oil spill so far - The Hindu