(Bloomberg) — Occidental Petroleum Corp. abruptly halted a year-long effort to sell Algerian oil and gas fields to raise cash for debt payments, saying it now regards them as “core” assets.Occidental had agreed to sell the Algerian holdings, along with a smaller position in Ghana, for around $4.9 billion to Total SE but the French major walked away from the deal in May after the North African country blocked the sale.The Houston-based oil explorer will instead look to offload other assets to cover more than $6 billion of debt due next year, Chief Executive Officer Vicki Hollub said during a …read more
Source:: Yahoo Finance
