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’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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