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A&D - Oxy reportedly mulls sale of Middle Eastern stakes to cut debt - June 2020



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Occidental Petroleum is considering selling stakes in its Oman assets to help reduce its $40 billion debt load, most of which it took on last year through its $57 billion acquisition of Anadarko Petroleum, sources told Bloomberg. The value of the assts could be more than $1 billion, according to the June 8 report. The company is also open to selling stakes in its other Middle Eastern assets, located in the UAE and Qatar.......
 
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