BP Allowed To Bid On Oil Leases In Gulf Of Mexico

10/14/2011 11:12 am 11:12:49 | Updated Dec 14, 2011

HOUSTON — After an internal debate, the Obama administration announced on Thursday that BP would be allowed to bid on new oil leases in the Gulf of Mexico.

Just a day before, the Interior Department cited BP, the British oil company, and its two principal contractors for numerous safety and environmental violations related to the explosion that sank the Deepwater Horizon rig in April 2010.

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