Home Facts industry

BP sets aside 2.13 bln to settle Texas refinery accident claims

BP sets aside 2.13 bln to settle Texas refinery accident claims

Write: Merv [2011-05-20]
WASHINGTON, March 5 (Xinhua) -- Energy giant British Petroleum (BP) has set aside 2.13 billion U.S. dollars to settle claims arising from a fatal Texas refinery accident in 2005, much higher than a previously disclosed 1.6 billion dollar provision, The Wall Street Journal reported on Wednesday.

The information was first published in Britain's oil giant's annual report published on its Website Tuesday, said the report.

In addition, BP said it was still in talks with the U.S. Chemical Safety Board on the final recommendations to be drawn from the accident, which killed 15 workers.

BP also said it had settled U.S. derivative shareholders' lawsuits against the company and its directors arising from incidents at its Texas refinery and at its Alaska Prudhoe Bay field. It didn't specify any figure.