Middle East Economic Survey


No 43


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,...