Occidental Petroleum Corp. said it has agreed...
Occidental Petroleum Corp. said it has agreed to sell a 25% stake in its Colombian interests to Repsol, Spain’s national oil company, for $272 million. The proposed transaction, expected to be closed about March 31, includes Occidental’s interest in the Cano Limon and the Redondo Fields, which currently produce 215,000 barrels daily. Los Angeles-based Occidental said it will continue to operate the properties.
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