LOS ANGELES, Dec. 17, 1999 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) said today that it has agreed to sell its 100 percent interest in Block 1-AB in Peru to Pluspetrol Peru Corporation, the Peruvian subsidiary of Pluspetrol Resources Corporation.
Occidental is retaining its exploration interests in Peru on Block Z-3 and Block 64.
Terms were not disclosed.