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111M

El Paso Pockets $111M in Refinery Sale to Sunoco

El Paso Corp. has completed a previously announced agreement to sell its Eagle Point refinery to Sunoco Inc. for $111 million, plus fair market value for related working inventories when the deal closes in mid-January. When the transaction was announced last April, El Paso agreed to sell the refinery and its related assets for $130 million.

December 31, 2003