Japan’s Mitsui gets bill from BP for $480 mln

Japanese trading house Mitsui & Co, whose unit holds a stake in BP Plc's ruptured oil well in the Gulf of Mexico, said on Tuesday it has so far received a $480 mln bill from BP but has yet to decide if it will shoulder any clean-up costs.
Mitsui added it is "carefully" studying the bill and will continue to talk to BP.
Mitsui, which owns a 10% stake in the well through its unit Mitsui Oil Exploration, and Canada's Anadarko Petroleum Corp, which has 25%, said last month they will not set aside money for cleanup costs along the Gulf Coast, arguing that it is BP's responsibility.
BP has a 65% interest in the well and is its exclusive operator, they said. The oil leakage killed 11 people and caused the worst environmental disaster in U.S. history.
Mitsui's first-quarter net profit jumped 79% to 102.5 bln yen ($1.2 bln), and it stuck to its 320 bln yen profit forecast for the year to March, which would be double last year's result.
Mitsui said it is difficult at this point to estimate the oil spill's impact on its earnings.
Shares of Mitsui & Co were up 5% at 1,164 yen, outperforming a 1.1% rise in the benchmark Nikkei 225.