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MI - Oxy eyes selling piece of Anadarko’s Western Midstream stake - July 2019



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Occidental Petroleum is reportedly looking for a buyer to take majority control of Western Midstream Partners, which the company is acquiring as part of its broader $57 billion acquisition of Anadarko. Unnamed sources told Bloomberg that Oxy has retained a financial advisor to solicit bids for half of Anadarko’s 55.5% stake in the Delaware and DJ Basin midstream operator and its general partner. The potential acquirer of these stakes would also seek to purchase the 45% of Western Midstream that is......
 
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