Chazen Elaborates As Oxy’s Middle East Asset Sale Falls Apart


Occidental CEO Steve Chazen confirms what MEES reported last week: GCC diplomatic tensions have derailed the firm’s planned Mideast asset sale. There is little chance of salvaging the planned JV of Qatar Petroleum, Abu Dhabi’s Mubadala and Oman Oil that Oxy hoped would absorb $8bn of its Mideast assets.


Trouble between Doha and Abu Dhabi has thrown a wrench in Oxy’s...