Occidental CEO meets with Libyan officials

Occidental Petroleum Corp.'s Chairman and CEO Ray R. Irani met with Libyan leader Moammar al-Ghadafi and other officials in Libya last week to discuss the resumption of the company's operations that were suspended in 1986. The move was prompted by a recent thaw in US-Libyan relations and the prospect of an imminent end to US sanctions against Libya.Occidental plans to open an office in Tripoli soon, Irani told reporters afterward, adding, "We're excited about the significant improvement in US-Libyan relations that will allow Occidental to return to Libya. Occidental has been very successful in the Middle East and North Africa, where we have found and developed large volumes of...

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