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Occidental, Qatar Will Sink $3B Into Offshore Oil Project

By Keith Goldberg (July 15, 2013, 1:58 PM EDT) -- Occidental Petroleum Corp. and state-owned Qatar Petroleum will invest approximately $3 billion in the latest phase of their joint offshore oil development in the Persian Gulf state, a phase that will produce 100,000 barrels a day for the next six years, Occidental announced Monday....

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