(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…

This article is for Subscriber members only.
Register
Already a member? Log in here