NOC “Opens Books” to Oil Firms
Reuters reports that the National Oil Corporation (NOC) has opened its books to international oil firms to reassure them that payments for exported oil were not being used to fuel hostilities between...
View ArticleWintershall Eyes Oxy Assets in Libya
Germany’s Wintershall is reported to be interested in buying some or all of the Libyan assets of Occidental Petroleum. The Wall Street Journal said that Houston-based Occidental has sought and obtained...
View ArticleOccidental Offers Stake in Mideast Unit
Occidental Petroleum has reportedly begun trying to sell a minority stake in its Middle East unit for as much as $8 billion. According to a report from Bloomberg, Chief Executive Officer Stephen Chazen...
View ArticleOMV Restarts Production; Increases Stakes in Libyan Fields
Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields....
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