BP sets aside $2.1bn for Texas City legal fees

04 March 2008 20:48  [Source: ICIS news]

HOUSTON (ICIS news)--UK petroleum giant BP has increased a legal fund by 31% to $2.1bn (€1.4bn) in order to address lawsuits arising from a refinery explosion in Texas City, Texas, according to a regulatory filing made on Tuesday.

The 23 March 2005 blast in Texas City killed 15 workers and injured 180 others.

So far, the company has reached more than 2,000 settlements, according to the company's annual report, filed with US regulators.

Several claims remain unresolved, BP said in the filing.

($1 = €0.66)

Please visit the ICIS plants and projects database

By: Al Greenwood
+1 713 525 2645

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly