Saudi Gazette - Occidental seeks buyers for stake in Mideast unit:
"Occidental Petroleum Corp, an international oil and gas exploration and production company and one of the largest in the US, is looking to sell a minority stake in its Middle East operations, two sources familiar with the matter said Friday, as part of a broader plan to split up the company.
Chief Executive Steve Chazen has spoken openly since April about a potential deal for its Middle East and North Africa assets, which run across countries from Libya to Iraq to Yemen.
Analysts briefed by the company have said its California operations could be spun out eventually."
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