November 20, 1987 |
Occidental Petroleum Corp. and the Italian firm Montedison announced Thursday the signing of a memorandum with the Soviet Union to develop a petrochemical complex at the Tengiz oil field near the Caspian Sea. Armand Hammer, the 89-year-old chairman and chief executive of Occidental, said it eventually would be the largest joint venture ever created in the Soviet Union. Hammer, who has been doing business with Moscow since he met the first Soviet leader, Vladimir I.
December 12, 2006 |
Energy provider Mirant Corp. has reached a deal to sell its Philippine business to a consortium that includes Tokyo Electric Power Co. for $3.42 billion. The Atlanta-based company said it expected the deal with Tokyo Electric and Marubeni Corp., which also includes working capital, to close in the second quarter of 2007.
September 23, 1996 |
Occidental Chemical Shuns Vietnam Venture: The unit of Los Angeles-based Occidental Petroleum Corp. has pulled out of a $109-million polyvinyl chloride resin venture in southern Vietnam, the Vietnam Investment Review said. The state-controlled weekly said Occidental Chemical Corp. walked away from the venture with Marubeni Corp. and two local firms because the authorities had licensed a rival project. The venture, Oxy-Vina Plastics & Chemical Co.
November 26, 1990 |
Ube Industries Ltd., a Japanese maker of chemicals, cement and machinery, established a joint venture with Britain's Marubeni Corp. to provide plastic composites to users in Europe such as auto makers and producers of office automation equipment, the companies announced today. The joint venture, European Technological Composites Ltd., is capitalized at $3.9 million, with Ube Industries holding a 70% stake. Marubeni holds the remainder.