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BP to pay USD7.8 bn to victims of Gulf of Mexico oil spill

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An explosion at a BP oil rig resulted in a devastating oil spill in the Gulf of Mexico in 2010. A US federal judge has approved a USD 7.8 billion settlement which sees the BP oil giant pay out USD 7.8 billion in compensation to people and businesses affected by the 2010 oil spill in the Gulf of Mexico. US District Judge Carl Barbier gave his final verdict on Friday. The ruling covers nearly 100,000... 
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