Factbox: Developments in the Gulf of Mexico oil spill

June 18 (Reuters) - Here are developments in the Gulf of Mexico oil spill, the largest in U.S. history:

TOP DEVELOPMENTS

* Anadarko, a non-operating partner of BP in the blown-out Macondo well, said in a statement it expects BP to pay oil spill claims because BP was "reckless" and likely engaged in "gross negligence" and "willful misconduct."

* Anadarko CEO Jim Hackett told Reuters in an interview his company would have handled things differently and is "looking at our contractual remedies."

* BP said in a statement it "strongly disagrees" with Anadarko's assessment, that other parties may be responsible and that the allegations will not distract it from stopping the two-month-old leak.

* BP is seeking $1 billion in loans from seven banks for up to $7 billion, a senior London-based loan banker told Thomson Reuters LPC, as the company raises funds while battling to plug its gushing well.

POLITICS/POLICY

* The U.S. Interior Department issued a directive requiring oil companies applying for offshore drilling permits to provide more information about how they would cope with a blowout.

COMPANY/MARKETS NEWS

* A $20 billion fund set up by energy giant BP Plc to compensate financial losses due to the spill will pay legitimate claims fast, the fund's independent administrator said on Friday.

* BP remains in a strong financial position despite the market uncertainty that has followed the spill, Chairman Carl-Henric Svanberg said on Friday.

* BP shares end down slightly in London on Friday, flat in New York trade.

* Moody's cut BP's credit rating by three notches on Friday, the oil major's third downgrade in a week, and said the company's $20 billion spill fund would not cap liabilities for the Gulf of Mexico oil disaster.

* Russia's LUKOIL said it had not yet decided whether to buy back its stake from Conoco and was not interested in snapping up anything from BP's $10 billion asset sale.

* BP has no plans to sell its stake in Russia's biggest oil firm, Rosneft, as part of its $10 billion asset sale plan, the head of BP's Russian operations said.

SPILL CONTAINMENT EFFORTS

* The first of two relief wells being drilled to plug the leak is within 200 feet of the blown-out well bore but officials say the toughest part remains - actually penetrating the damaged well.

* BP collected 25,000 barrels of oil from its blown-out Macondo well on Thursday, Coast Guard Admiral Thad Allen said.

GLOBAL REACTION

* Russian President Dmitry Medvedev said the Gulf spill should lead to a review of global energy industry co-operation.

QUOTE OF THE DAY

"Frankly, we are shocked," Jim Hackett, CEO of BP's Macondo well partner Anadarko, in a statement blasting BP's handling of the well.

(Compiled by Ed Stoddard, editing by Todd Eastham)