Occidental Petroleum Corp. has had offers to...

Occidental Petroleum Corp. has had offers to buy its Libyan oil interests, but Libya’s leader, Col. Moammar Kadafi, has urged the company not to sell out, Occidental Chairman Armand Hammer said. “We have had offers to buy our position in Libya--real good offers,” Hammer told securities analysts at a meeting in New York. But “Kadafi said, ‘Please don’t leave,’ and he offered us better terms if we stayed,” Hammer said. Together with Du Pont’s Conoco Inc., USX Corp.’s Marathon Oil Co., W. R. Grace & Co. and Amerada Hess Corp., Occidental owns a 49% stake in Libyan National Oil Co. Hammer also said the company’s 1988 earnings, which are expected to be reported later this week, would be up sharply from the $240 million recorded in 1987. Hammer also disclosed that relatives of the 167 victims of July’s explosion of a company oil rig in the North Sea have been offered a total of $187 million in compensation payment and added that he believed most of the families would accept them.