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BP agrees to $1 billion settlement with Moex [USA]

Moex…one of BP's minority partners in the blown-out Deepwater Horizon well, has agreed to pay the British oil company $1.065 billion to settle all claims between the companies over the accident in the Gulf of Mexico. BP said…that it would continue to pursue its other minority partner, Anadarko, the rig operator Transocean and cement contractor Halliburton to pay their share of billions of dollars in cleanup costs, oil-spill damages and pollution fines. BP Chief Executive Bob Dudley said…"MOEX is the first company to join BP in helping to meet our shared responsibilities in the Gulf, and Mitsui, through MOEX USA…is showing great corporate citizenship in standing behind its affiliate and making a contribution to meet the costs of this tragic accident".

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