Occidental Get First Cargo Payment for Zubair Field

Source: Reuters 8/1/2011, Location: Middle East

Occidental Petroleum Corp and South Korea's KOGAS have received their first cargo of crude oil as payment for helping to develop Iraq's Zubair oilfield, shipping sources told Reuters. A vessel left on Sunday carrying 1 million barrels of Basra light. Occidental received 600,000 barrels and 400,000 barrels went to South Korea's KOGAS, shippers said.


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