Saturday, 23 September 2017 08:08 GMT

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Qatar may abandon group bidding for Oxy's ME stake

(MENAFN) Qatar's national oil company has dropped out of a group of state-backed investors looking to buy Occidental Petroleum stakes in the region, Time of Oman reported



Abu Dhabi's Mubadala Development and Oman Oil are still interested in the stake, said people familiar with the matter



Qatar Petroleum is eyeing purchasing some or all of the stake on its own, and is seeking a financial adviser to help it with that



Occidental Chief Executive Officer said: "The notion that they were going to somehow cooperate with each other in an oil investment is difficult at best right now.
Qatar may abandon group bidding for Oxy's ME stake

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