ENERGY
Occidental Completes Sale: Occidental Petroleum Corp. announced the completion of the previously announced sale of its North Sea oil fields and British oil and gas subsidiary to France’s Societe Nationale Elf Aquitaine for $1.35 billion. Elf Aquitaine also will take responsibility for about $130 million of bank debt. The sale of Occidental Petroleum (Great Britain) Inc. and other assets is part of a major restructuring program aimed at reducing the Los Angeles-based corporation’s debt by $3 billion through sales of assets.
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