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BBC News: BP to pay billions in suspicious Senegal gas deal

03 JUNE 2019

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.

For more on this story, UK audiences can watch Panorama: The $10 Billion Energy Scandal on Monday 3rd June at 2030 BST.

Litigation/Investigations in multiple jurisdictions, including Italy, is currently underway involving defendants Royal Dutch Shell Plc and Eni in respect of the Nigerian OPL 245 oil deal. 

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