State Gets $34 Million Oil Royalty Settlement.

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BP Exploration (Alaska) Inc. has paid the State of Alaska an additional $34 million in royalties on North Slope oil and gas produced through 1999. The payment concludes several audits of BP's royalty obligations and represents 2.6 percent of the total royalties paid by BP from 1992 through 1999, Gov. Tony Knowles said.

Payment was made on Dec...