The US appeal’s court has confirmed the earlier passed decision, according to which British oil and gas corporation BP must continue payment of compensation for oil spill in the Gulf of Mexico in 2010, reported ITAR-TACC.
BP’s lawyers tried to achieve cancelation of the decision, claiming that conditions of the agreement signed between the company and organizations and private persons in 2012, which suffered a material damage from the accident were misinterpreted.
The oil leak in 2010 has led to the explosion, which took lives of 11 people on the platform. Millions of gallons of oil was spilled into the Gulf, causing the evironmental catastrophe. BP has earlier already paid a fine worth $1.2 billion and Halliburton has voluntarily transferred $55 million to the National Fund for Fish and Rare Animals, reported http://www.baltinfo.ru.--0--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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