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Japan's Mitsui: Received bill from BP for $480M

August 03, 2010 Reprints

Asbestos & Environmental Catastrophes Asia-Pacific & Australasia United Kingdom More + Less -

TOKYO, (Reuters) - Japanese trading house Mitsui & Co., whose unit holds a stake in BP P.L.C.'s ruptured oil well in the Gulf of Mexico, said on Tuesday it has so far received a bill for $480 million from BP.

Mitsui holds a 10% stake in the now-capped well through its unit Mitsui Oil Exploration.

BP is seeking to have Mitsui and Canada's Anadarko Petroleum Corp., which has 25% of the well, pay part of the cleanup costs for the oil leak, which caused the worst environmental disaster in U.S. history.

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Japan's Mitsui: Received bill from BP for $480M

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