BP to pay billions for suspicious Senegal gas deal


BP has agreed to pay around $10bn (£8bn) to a businessman involved in a suspicious energy deal.

The energy giant bought Frank Timis’ stake in a gas field off the coast of Senegal for $250 million in 2017.

But documents obtained by BBC Panorama and Africa Eye reveal that BP will also pay his company between $9bn and $12bn in royalties.

Both BP and Mr Timis deny any wrongdoing.

Read the full statement from Mr Timis here.

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Source link : https://www.bbc.com/news/av/world-africa-48475068/bp-to-pay-billions-for-suspicious-senegal-gas-deal

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Publish date : 2019-06-02 23:37:30

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