"Oxide Natal Petroleum Company, one of the largest independent U.S. oil companies"
Declared "Steve Chazn," CEO "oxide Natal Petroleum", during a press conference for energy in New Orleans America, that the company's efforts to sell a fraction of their assets in the Middle East face difficulties.
attributed Chazn it; to the existing differences between the three Gulf countries, namely Qatar and the United Arab Emirates and the Sultanate of Oman, but the company with this and found that the alternative currently available depends on the sale of assets of each of the three countries individually.
was firm dioxide Natal Petroleum;, one of the major oil companies, independent U.S. has dropped the value of its shares in the years 2011-2012 on respectively, the worst performance in two decades, and is currently the market value per share, about $ 93 a share.
paid low returns for their investment company to make a decision last year, it stressed it in the context of re-consider its options on withdrawal from some areas of the world by getting rid of its assets to sell.
reflected the resolution on the Middle East, as the company owns assets in a number of Arab countries including Qatar, Oman, Bahrain, the UAE, Iraq, Yemen, Libya, and the company decided to sell about 40 per cent of its assets in the Gulf region, which is as much as eight billion dollars Based on the total value of the company's assets in the region amounted to about 20 billion dollars.
were all from the UAE, Qatar and Oman; had begun last year in examining the possibility of submitting a joint bid for the assets put up for sale in the Gulf and North Africa, but this offer has become, according to the CEO of the company difficult to negotiate it as a diplomatic issue, which was interpreted by some analysts as a dispute caused by a Qatari foreign policy which considers the Gulf states that they are going in the direction contrary to the consensus of the Gulf.
became unlikely to be successful American company in the sale of its assets to display a unified and author of Abu Dhabi, Muscat and Doha, However, it will continue its efforts to sell these assets for each country separately.
commented, "Marwan Hassan," oil expert Arab resident in London on the move, saying; The American company will not go out losing, in the end, will sell assets, rather than one offer, there will be three states, Perhaps the only problem is that the sale process will be delayed a bit, adding; that mostly, the loss will be on the Arab side, I do not mean that each of the three countries will pay a sum of money greater than if they entered this presentation is common, but I mean that economic coordination in term perspective between the three countries will be absent, and would be lost from the possibility of maximizing economic profit compared to the situation of cooperation.
has announced oxide Natal Petroleum; in the last month that it was moving its headquarters from Los Angeles to Houston, and the company has been since the nineties of the last century working to refine its activities in oil and gas fields.
, and if the backbone of the company's activity oil found in U.S. territory, the activity also extends to Latin America; as producing oil in Colombia as well as the Middle East, as it produces oil and gas in Qatar and has another field, a large gas in the Sultanate of Oman and the new factory the gas is under construction in the UAE.
was most expectations that the company is getting rid of many of the assets of international, but the company in an attempt to raise the rates of profitability after the decline in the value of its shares by the separation of their activities in California and Texas, and is supposed to be the company's assets in Latin America, part of a follower of branch Texas, but the most important aspect that the company operates in America will be divided into two basic as an endeavor to improve its economic performance.
attributed Chazn it; to the existing differences between the three Gulf countries, namely Qatar and the United Arab Emirates and the Sultanate of Oman, but the company with this and found that the alternative currently available depends on the sale of assets of each of the three countries individually.
was firm dioxide Natal Petroleum;, one of the major oil companies, independent U.S. has dropped the value of its shares in the years 2011-2012 on respectively, the worst performance in two decades, and is currently the market value per share, about $ 93 a share.
paid low returns for their investment company to make a decision last year, it stressed it in the context of re-consider its options on withdrawal from some areas of the world by getting rid of its assets to sell.
reflected the resolution on the Middle East, as the company owns assets in a number of Arab countries including Qatar, Oman, Bahrain, the UAE, Iraq, Yemen, Libya, and the company decided to sell about 40 per cent of its assets in the Gulf region, which is as much as eight billion dollars Based on the total value of the company's assets in the region amounted to about 20 billion dollars.
were all from the UAE, Qatar and Oman; had begun last year in examining the possibility of submitting a joint bid for the assets put up for sale in the Gulf and North Africa, but this offer has become, according to the CEO of the company difficult to negotiate it as a diplomatic issue, which was interpreted by some analysts as a dispute caused by a Qatari foreign policy which considers the Gulf states that they are going in the direction contrary to the consensus of the Gulf.
became unlikely to be successful American company in the sale of its assets to display a unified and author of Abu Dhabi, Muscat and Doha, However, it will continue its efforts to sell these assets for each country separately.
commented, "Marwan Hassan," oil expert Arab resident in London on the move, saying; The American company will not go out losing, in the end, will sell assets, rather than one offer, there will be three states, Perhaps the only problem is that the sale process will be delayed a bit, adding; that mostly, the loss will be on the Arab side, I do not mean that each of the three countries will pay a sum of money greater than if they entered this presentation is common, but I mean that economic coordination in term perspective between the three countries will be absent, and would be lost from the possibility of maximizing economic profit compared to the situation of cooperation.
has announced oxide Natal Petroleum; in the last month that it was moving its headquarters from Los Angeles to Houston, and the company has been since the nineties of the last century working to refine its activities in oil and gas fields.
, and if the backbone of the company's activity oil found in U.S. territory, the activity also extends to Latin America; as producing oil in Colombia as well as the Middle East, as it produces oil and gas in Qatar and has another field, a large gas in the Sultanate of Oman and the new factory the gas is under construction in the UAE.
was most expectations that the company is getting rid of many of the assets of international, but the company in an attempt to raise the rates of profitability after the decline in the value of its shares by the separation of their activities in California and Texas, and is supposed to be the company's assets in Latin America, part of a follower of branch Texas, but the most important aspect that the company operates in America will be divided into two basic as an endeavor to improve its economic performance.
Source: The Economic Times
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