ENERGY
From Times Staff and Wire Reports
Oxy Will Drill Off Vietnam: Los Angeles-based Occidental Petroleum Corp. said Vietnam has granted it permission to drill for oil in the South China Sea. It will be the first U.S. company to drill in Vietnam since trade sanctions were lifted. The project is set to begin in early July. Occidental has a 45% interest in the project; APN Petroleum Ltd. of Indonesia has a 55% interest. Terms of the deal were not disclosed.
