DOE SWITCHES GEARS IN OXY UNIT CRUDE OIL PRICE CASE

Occidental Petroleum Corp. declares the U.S. Department of Energy has implicitly conceded its long pending price oxy overcharge case against an Oxy subsidiary is "fatally flawed." Gerald Stern, Oxy executive vice-president and senior general counsel, said DOE has issued a new administrative complaint on a theory that contradicts DOE's previous theory. "We have always felt DOE has no case," Stem said. "Indeed, a U.S. magistrate in Oklahoma upheld Occidental's position in a similar case.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies