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UNION TEXAS PETROLEUM DECLARES COMMON STOCK DIVIDEND

 UNION TEXAS PETROLEUM DECLARES COMMON STOCK DIVIDEND
 HOUSTON, Jan. 14 /PRNewswire/ -- Union Texas Petroleum Holdings,


Inc. (NYSE: UTH) today announced that a regular quarterly dividend of 5 cents per share has been declared on the company's outstanding common stock.
 The dividend is payable on Feb. 18, 1992, to stockholders of record at the close of business on Jan. 31.
 One of the nation's largest independent producers, Houston-based Union Texas Petroleum Holdings, Inc. explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic international areas. The company also has petrochemicals interests in the United States.
 Company: Union Texas Petroleum Holdings, Inc.
 Record date: Jan. 31, 1992
 Payment date: Feb. 18, 1992
 Amount: $0.05 per common share
 -0- 1/14/92
 /CONTACT: Carol L. Cox of Union Texas Petroleum, 713-968-3258/
 (UTH) CO: Union Texas Petroleum ST: Texas IN: OIL SU: DIV


CK -- NY064 -- 9679 01/14/92 15:51 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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