Sept 28 (Reuters) - Occidental Petroleum ( OXY ) is

negotiating the sale of its OxyChem division, a transaction that

could value the unit at a minimum of $10 billion, the Financial

Times reported on Sunday.

The divestment was likely to be announced in the coming

weeks, provided it does not hit any last-minute hurdles, the

report said, citing two people familiar with the matter.

Reuters could not immediately verify the report. Occidental

Petroleum ( OXY ) did not immediately respond to a Reuters' request for

comment.

(Reporting by Bipasha Dey in Bengaluru)