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BP estimates total cost of Gulf spill at $61.6 billion

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British oil and gas firm BP P.L.C. has estimated that the 2010 Gulf of Mexico spill would cost it $61.6 billion, reported Reuters.

The estimate comes after BP agreed to pay a new $5.2 billion charge. BP said that the charge would mark the last major claim and that any further claims would not have a material impact.

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