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Article

3 Jun 2019

Author:
BBC

BP to pay billions for suspicious Senegal gas deal

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BP has agreed to pay around $10bn (£8bn) to a businessman involved in a suspicious energy deal.

The energy giant bought Frank Timis' stake in a gas field off the coast of Senegal for $250 million in 2017.

But documents obtained by BBC Panorama and Africa Eye reveal that BP will also pay his company between $9bn and $12bn in royalties.

Both BP and Mr Timis deny any wrongdoing.

Part of the following timelines

Senegal: BP agreed to pay around $10bn to a businessman involved in a suspicious energy deal says BBC Panorama and Africa eye; BP and Frank Timis reject the allegations

Sénégal: Une enquête de la BBC révèle des transactions et des paiements douteux sur le pétrole impliquant BP, Frank Timis et un ex-consultant sénégalais; tous les trois concernés ont rejeté les allégations