Oxy’s Mideast Asset Sale Stuck In Geopolitical Morass


Occidental’s proposed sale of Mideast assets to limit its risk exposure has become mired in the quicksand of regional politics as its Gulf Arab suitors have fallen out.


US mini-major Oxy has found itself caught in the middle of a diplomatic spat between the UAE and Qatar, whose state-owned entities were in discussion for a joint bid with Oman Oil for minority stakes in Oxy’s Middle...