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BP puts spill cost at 3 billion euros


BP puts spill cost at 3 billion euros

BP says its has spent some three billion euros (four billion dollars) on its efforts to tackle the worst oil spill in US history.

The company also said it would continue to run tests on a cap placed over its leaking well in the Gulf of Mexico.

However, it did not address US government claims that there is still oil seeping from the ocean floor.

Following the announcement, the price of BP shares fell by some 5 percent in morning trading on the London Stock Exchange.

The oil company’s stock market value has roughly halved since the well started leaking on April 20th.