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BP raises oil spill charge as Q2 misses forecasts

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An explosion on a rig in the Gulf of Mexico killed 11 crewmen, and caused the largest oil ppill in US history. Photo: Reuters
Reuters

International oil company BP increased its giant accounting provision for the 2010 oil spill to US$42.4 billion from US$42.2 billion on Tuesday and said its US$20 billion fund to pay spill compensation had only US$300 million left in it.

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