Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

Acquisition Caps Vintage Year For Occidentals MENA Expansion

Occidental Petroleums (Oxys) 13 October agreement to acquire Vintage Petroleum will further expand the Californian companys reach in Yemen after a year of steady growth in the Middle East and North Africa (MENA) region. The acquisition of Vintage, a US independent with operations in Argentina, Bolivia, the US and Yemen, is expected to close in the first quarter of 2006,...