Occidental Petroleum expects to win at least two Middle East energy projects in 2007, a top company official said.
'We expect to announce success in winning at least two high-potential projects in the Middle East and North Africa this year,' said Stephen Chazen, senior executive vice-president and chief financial officer, at the Howard Weil Energy Conference.
Chazen did not elaborate on the nature of the projects.
He said Occidental Petroleum expects the start-up of the Dolphin Project in the UAE around mid-year.
The $3.5 billion pipeline from Qatar to the UAE is the first cross-border gas line in the GCC region. Dolphin would transport up to 3.5 billion cubic feet per day of natural gas to the UAE.
Occidental holds a 24.5 per cent stake in the project, as does France's Total, while Mubadala Development Company owns 51 per cent.
