27 October 2011 19:18 [Source: ICIS news]
HOUSTON (ICIS)--Occidental Petroleum is confident about its business in ?xml:namespace>
Chief executive Stephen Chazen told analysts during Occidental’s third-quarter results conference call that his company and its partners have begun the process of resuming oil production in
At this time, Occidental Petroleum does not expect any legal or other problems that could hinder its business in
Rather, the Occidental expects that the new government will respect its existing contracts from before the war.
“Indications are they [the new
Occidental is sending a management team to
Analysts have said that Libya is not likely to return to its pre-war oil production levels until the fourth quarter of 2013.
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