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Ecuador, Occidental Prepare For Final Hearing At ICSID

QUITO -(Dow Jones)- The final hearing in the $3.2 billion arbitration case filed against Ecuador by U.S. oil company Occidental Petroleum Corp. (OXY) will be held Thursday, in London, Ecuador's attorney general said Wednesday. Occidental filed the lawsuit for damages for Ecuador's May 2006 decision to cancel the company's operating contract. Ecuador alleged that Occidental broke several of its terms by transferring a 40% stake in its Ecuadorian projects to Canada's Encana Corp. (ECA, ECA.T) without the approval of Ecuador's Energy Ministry. In a press release, Attorney General Diego Garcia said Ecuador hopes the court will reject the company's lawsuit. Occidental filed the claim with the World Bank's International Centre for Settlement of Investment Disputes, or ICSID, in July 2006. Occidental has said that the Ecuadorian government violated the U.S.-Ecuador bilateral investment treaty by illegally nullifying its exploration rights and by expropriating its assets. The Ecuadorian government, meanwhile, said it has followed the law and all contracts with the U.S company. -By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653;

Stock News for Occidental Pet (OXY)
12/01/201617:01:22Statement of Changes in Beneficial Ownership (4)
11/28/201615:53:59Statement of Changes in Beneficial Ownership (4)
11/22/201616:07:39Statement of Changes in Beneficial Ownership (4)
11/17/201617:04:39Statement of Changes in Beneficial Ownership (4)
11/15/201617:54:20Statement of Changes in Beneficial Ownership (4)
11/10/201614:56:48Statement of Changes in Beneficial Ownership (4)
11/08/201615:56:23Amended Statement of Ownership (sc 13g/a)
11/07/201617:38:31Current Report Filing (8-k)
11/04/201606:05:54Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/03/201617:22:26Statement of Changes in Beneficial Ownership (4)
11/02/201617:27:50Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
11/02/201609:18:10Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
11/01/201616:10:12Quarterly Report (10-q)
11/01/201611:05:00Occidental Petroleum Posts Third-Quarter Loss
11/01/201607:00:34Current Report Filing (8-k)
11/01/201607:00:00Occidental Petroleum Announces 3rd Quarter 2016 Results
10/31/201618:10:00Occidental Petroleum Acquires Permian Basin Assets for $2 Billion
10/31/201618:02:00Occidental Petroleum Acquires Permian Basin Assets for $2 Billion
10/31/201617:18:00Occidental Petroleum Acquires Permian Basin Assets for $2 Billion
10/31/201616:14:26Current Report Filing (8-k)

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