Houston-based Occidental Petroleum Corp. (NYSE: OXY) has completed the sale of some of its assets in Africa to France-based Total S.A. — but others will have to go back on the market.
When Oxy’s final offer to acquire Anadarko Petroleum Corp. was announced last year, Occidental also announced that Total would acquire Anadarko’s Algeria, Ghana, Mozambique and South Africa assets for $8.8 billion.
The $3.9 billion Mozambique portion closed a few months later, and the South Africa portion has…
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