Oxy Addresses GCC Concerns On 20% Farm Out
Steve Chazen, CEO of US independent Occidental (Oxy), has recently completed a tour of the GCC countries where it has assets. He aimed to reassure leaders that Oxy is committed to the region and will not sell off its Mideast concessions.
Mr Chazen told them that the plan he is considering putting to his board this summer will see all overseas assets placed into a holding company with Oxy to sell off a 20%...