- CNTV English - CCTV News

BP makes nearly 400 mln dollars of claim payments for Gulf oil spill

08-24-2010 07:40 BJT

HOUSTON, Aug. 23 (Xinhua) -- British oil giant BP said Monday it has made 399 million U.S. dollars of claim payments during the 16 weeks it managed claims related to the oil spill in the Gulf of Mexico.

BP, which on Monday transferred its individual and business claims program to the Gulf Coast Claims Facility (GCCF), said in a press release its claims team will continue to handle government claims and funding requests.

Since May 3 when BP paid its first claim, it has written 127, 000 checks to affected individuals and business owners along the Gulf coast, the company said.

The GCCF was established in June as part of an agreement between the U.S. government and BP to assist claimants in filing claims for costs and damages related to the BP oil spill.

Kenneth R. Feinberg, administrator of the GCCF, said Monday the claim facility is fully functioning and will begin to process claims for emergency payment.

BP-leased Deepwater Horizon drilling rig exploded off the Louisiana coast on April 20, unleashing the worst oil spill in U.S. waters and severely impacted the fishing, tourism and oil industry- based economies of the U.S. Gulf Coast.


Editor:Zhang Pengfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program