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Occidental Petroleum Corp Looking To Sell Middle East Stake, Other Assets-Reuters


Friday, 18 Oct 2013 07:16am EDT 

Reuters reported that Occidental Petroleum Corp said it is looking to sell a minority stake in its Middle East and North Africa operations and will consider options for some Rocky Mountain assets. The divestment, part of a broader plan to split up the Company, also includes a possible sale of some of its 35% stake in the general partner of pipeline company Plains All American Pipeline LP for pre-tax proceeds of about $1.3 billion.