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.
Source link : https://www.bbc.com/news/av/world-africa-48475068/bp-to-pay-billions-for-suspicious-senegal-gas-deal
Publish date : 2019-06-02 23:37:30