latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental to Divest Interest in Russian Joint Venture
LOS ANGELES, Jan. 11, 2007 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the execution of an agreement for the sale of its 50% interest in the Vanyoganneft Joint Venture in western Siberia to TNK-BP for approximately $485 million. The license governing the Vanyoganneft Joint Venture currently expires in January 2013, although it may be extended under Russian law. At year-end 2006, Occidental's net proved Vanyoganneft reserves were an estimated 33 million barrels of oil equivalent, and the company's net production from Vanyoganneft is currently averaging an estimated 22,600 barrels of oil per day. Occidental expects to record a gain of approximately $400 million at the expected close of the transaction in the first quarter of 2007.
Global Water Technologies, Inc.
Global Water Technologies, Inc. to Appear on MN1.com
GOLDEN, Colo., Jan. 11, 2007 (PRIME NEWSWIRE) -- George Kast, CEO of Global Water Technologies, Inc. (GWT) (Pink Sheets:GWTR), will be featured live on Market News First (www.mn1.com) for an exclusive interview, where he will discuss recent findings with their agricultural water treatment business with the MN1 news team. The interview is scheduled for Jan. 12, 2006, at 11:30 a.m. CST.