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El Paso Sells Off $156M in Petroleum Assets

In line with its plans to exit the refinery business and concentrate on North American natural gas pipelines and production, El Paso Corp. announced progress Wednesday on three petroleum asset sales totaling approximately $156 million. The news came on the heels of a deal that fell through to sell some properties in the Uinta Basin to Vintage Petroleum Co. (see related story).

January 5, 2004