Plans to quit its Gulf assets appear to be just a distant memory for US mini-major Occidental, which used its Q3 results this week to reaffirm a commitment to “core assets” in the region.
Oxy President of Oil and Gas Vicki Hollub says the firm will “focus on core assets in Abu Dhabi, Qatar and Oman” while evaluating non-core assets in the Middle East “with the objective of minimizing our activity and exposure”. These non-core assets are in Yemen, Bahrain, Libya and Iraq, she told the firm’s 28 October conference call. (CONTINUED - 603 WORDS)
