New York: Occidental Petroleum Corp is in talks to sell its OxyChem petrochemical unit in a deal worth at least US$10bil, the Financial Times (FT) reports.
The divestment would be the US company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter that it didn’t identify. The potential buyer couldn’t immediately be determined.
