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Article: Definitive agreements signed for new joint venture, The UNO-VEN Company.
- Article from:
- PR Newswire
- Article date:
- October 31, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DEFINITIVE AGREEMENTS SIGNED FOR NEW
JOINT VENTURE, THE UNO-VEN COMPANY
LOS ANGELES, Oct. 31 /PRNewswire/ -- Unocal Corp.'s (NYSE: UCL) wholly owned operating subsidiary, Union Oil Company of California, and Venezuela Petroleum Holdings, Inc. (VPHI), a wholly owned subsidiary of Petroleos de Venezuela, S.A. (PDVSA), and their affiliates today signed the definitive agreements to create a petroleum refining and marketing general partnership in the U.S. Midwest. Closing is expected to occur by Nov. 30, 1989.
The joint venture, called The UNO-VEN Company, includes Unocal's 153,000-barrel-per-day Chicago Refinery near Lemont, Ill., 12 ...