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Total-Occidental deal on hold due to $500m tax claim
March 3, 2020
Source: World Oil

Total-Occidental deal on hold due to $500m tax claim

Total's acquisition of Occidental Petroleum Corp’s​​​​​ assets in Ghana are being held up due to capital gains tax claim for about $500 million. Occidental is trying to get regulatory clearance for this deal and tax bill is an issue yet to be resolved. Selling Total its assets is a part of Occidental's plan to sell out at least $15 billion of assets by mid-2020.

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