Qatar may bid alone for Oxy’s Mideast stake: report

: Saturday, April 05 - 2014 @ 11:04

Qatar Petroleum (QP), the Gulf country’s national oil company, has dropped out of a group of state-backed investors seeking to buy a stake in Occidental Petroleum Corp’s (OXY) Middle East business amid a political dispute in the region, Bloomberg has reported, citing people with knowledge of the matter. QP Qatar is weighing buying some or all of the stake on its own, and is seeking a financial adviser to help it do so, the people said. Meanwhile, Abu Dhabi’s Mubadala Development Co and Oman Oil are still interested in a joint-bid for the stake, the people said.

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Saturday, April 5- 2014 @ 11:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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