Occidental Petroleum expects 2013 domestic oil production up 8%-10% Says with lower drilling on gas properties, expects gas and NGL production to decline somewhat. Says planned plant turnarounds in the Permian CO2 business will cause additional volatility to production in the first half of the year. Comments from presentation slides.
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MidEast firms to bid for stake in Occidental Petroleum unit, Reuters reports Abu Dhabi's Mubadala Development Co, Qatar Petroleum and Oman Oil Co have formed a consortium to bid for a stake in Occidental Petroleum's Middle East and North Africa business, Reuters reports.