ENERGY - Los Angeles Times
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ENERGY

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From Times Staff and Wire Reports

Oxy Will Look for More Assets to Trim, More Oil and Gas: Describing its recent extensive restructuring as only “one set of goals,” Ray R. Irani, Occidental Petroleum Corp. chairman and chief executive, told shareholders that management will continue to look for under-performing and marginal assets to shed, as well as ways to cut back on operating costs, including personnel. The focus will continue, Irani said, on natural gas transmission, chemicals and oil and gas exploration. The Los Angeles-based company recently announced what Irani described as “a major find “ of natural gas in Malaysia and plans to drill about 50 exploratory wells in 10 foreign countries in 1992.

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