Explorer Historical Highlights
By Richard H. Vaughan
When Occidental Petroleum Corporation was reorganized in 1959, its total oil production was some 100 barrels per day. By the time Moammar Gaddaffi nationalized the industry in 1969, Oxy Libya, the wholly owned subsidiary, was producing 800,000 barrels per day. Such an amount made Oxy Libya the eighth largest producer in the world.