(EnergyAsia, October 21, Wednesday) — NYSE-listed Occidental Petroleum Corporation said it has agreed to acquire oil and gas trading unit Phibro LLC from Citigroup Inc for “approximately net asset value” of about $250 million Occidental said Phibro’s assets consist of cash, marketable securities and readily saleable commodity positions, and does not trade in any exotic…
COMPANIES: Occidental Petroleum to acquire Phibro from Citicorp
Posted on October 21, 2009 by EnergyAsia