LONDON, Aug. 12 (UPI) -- U.S. Secretary of State Colin Powell says a deal may be near on securing compensation for the relatives of victims of the 1988 Lockerbie bombing.
Powell spoke in London after meeting with officials from Britain, Libya and Britain.
The 1988 bombing killed 270 people.
If Libya accepts responsibility for the atrocity, it would then pay $10 million for each of the 270 victims over three stages, in return for the lifting of United Nations sanctions.
The BBC said the deal might be finalized as early as this week and the Washington Post said Libya is due to make a formal statement to the U.N. Security Council on Thursday.
PanAm Flight 103, a Boeing 747, was blown up over the Scottish town of Lockerbie on December 21, 1988, killing all 259 people on board plus 11 on the ground.