Italian oil and gas group Eni is mulling the idea of opening up its business in Iraq to China's CNPC just as it did with its giant gas discovery in Mozambique, two sources close to the matter said on Wednesday. The sources added no talks were under way at the moment with the Chinese group."The idea is being examined though we have not yet reached that point", one of the sources said.Eni declined to comment.The state-controlled oil major, with U.S.-based Occidental Petroleum Corp and South Korea's KOGAS, are developing the Zubair oilfield.
Occidental Petroleum Corporation (Occidental) conducts its operations through various subsidiaries and affiliates. Shares of OXY traded higher by 0.12% or $0.09/share to $78.10. In the past year, the shares have traded as low as $72.43 and as high as $98.24. On average, 4738110 shares of OXY exchange hands on a given day and today's volume is recorded at 1961587.
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