Uncertainty Reigns As Oxy Inches Closer To Asset Sell-Off
US independent Occidental Petroleum (Oxy) has received board approval to move forward with a much-anticipated strategic restructuring that will see the company “pursue the sale of a minority interest in the Middle East/North Africa operations.” Oxy will also farm out of select North American assets.
Just how this will be achieved is still unknown, though some industry experts speculate...