44 and E. "We'll seem to see what sorts of enquiries come in," Bray
mentioned. roadways. Related Site is certainly one of 150
properties which has been start up on the market by Unocal Corporation. in Tulsa. An additional is at Int. van halt
and a whole bunch of others, Bray mentioned. The
firm previously spun off its selling operations within the Midwest
to a jv which contained Venezuela interests. 2 STATE Van, Commute STOPS TO BE SOLD BY UNOCAL Corporation.
The Unification 76 Van Halt at Int. of Los
Angeles. Hwy. Unocal mentioned the aptitude sale Continued was thing in an endeavor to
give attention to corporation's which yield the latest comes back. If ever the properties within the Southeast were sold, Unocal will be
left with almost 6,000 filling stations on the West Inshore, nearly all
company-owned. "I should feel that have to fetch a superior
price."
. 40 and Morgan Rd. He mentioned Unocal would try to find a "long-term serve up covenant" with
any van halt purchaser, to hold the Unification 76 name brand instead on. "The sale of van stops surprises me a tiny, since which
appeared to me to be an incredibly good operation and one they'd prefer to
hold," Nowak mentioned. "Unification 76 is among the biggest names in the industry," Bray
mentioned. "We were 1 of the first organizations to get in to the van halt
enterprise, and we wish to maintain our position along the
interstates."
Continue He mentioned Unocal possesses every one of the 150 Unification 76 van halt
properties, but operates merely two. As well as that, it sold Norway and Canadian gas Get the facts and oil
operations and a fossil fuel enterprise. It shaped Uno-Ven Co., a joint
cooperation with Venezuela Oil Holdings Inc., to rush Resources its Midwest
refining and promoting operation. of Chicago operates the Morgan Rd. Hwy. Lane mentioned the structure of a deal for the van stops and
southeastern oil promoting and refining operations had yet to
be insistent. The others, adding up the Oklahoma
City whereabouts, are operated by independent franchisees. Interpoint Corporation. 161st St. It also sold its home office constructing in
down-town Los Angeles. To support trim which account balance, Unocal closed a Beaumont, Texas,
refinery which once accounted for one-quarter of its crude-oil
processing expertise. Unocal exclaimed plans Tuesday to sustain First Boston Corporation. "It may well be a sale or a jv prefer the Uno-Ven deal,
perchance more maybe the latter," Lane mentioned.. "Our method is dig this to shift finances greenbacks to ventures which yield
a finer comeback and cashflow to Unocal," mentioned Roger C. Jim Bray, spokesman for Unocal's affiliation of van and commute
stops, mentioned Friday it was "too quickly to inform" what the effect on
the Oklahoma City operation may very well be. Unocal mentioned it also would give consideration to retailing its fuel
selling and dispersion operations within the Southeast. Unocal's retail and dispersion operations in the Southeast
encompass 50 company-owned service stations, agreements with 200
promoters to offer fuel to more than 4,200 fuel retail
chain stores, 25 product-storage Extra resources terminals and a lubrication-oil plant. as
an advisor within the undertaking, the greatest in a set of asset sales
for the country's 13th-largest petroleum firm. Eugene Nowak, an electricity analyst with Dean Witter Reynolds Inc.,
mentioned he saw similarities with other petroleum organizations who have reduced in size to
fixate efforts on their core local operations, adding here up Atlantic
Richfield Co.'s sale of its Eastern operations. Boone
Pickens within the mid-1980s. Beach,
president of Unocal's refining and promoting divisions
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