Occidental Delivers World First Carbon-Neutral Oil ...Middle East

A unit of U.S. Occidental said this week it had delivered the world’s first shipment of carbon-neutral oil, or oil where emissions associated with the entire crude lifecycle—well head through the combustion of end products—have been offset. Occidental’s division Oxy Low Carbon Ventures (OLCV) delivered the cargo of two million barrels of carbon-neutral oil to Reliance Industries in India in a transaction arranged together with Macquarie Group’s Commodities and Global Markets group.   The delivery of the oil, produced…

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