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VALERO ENERGY CORPORATION DECLARES DIVIDEND ON COMMON STOCK

 SAN ANTONIO, Jan. 21 /PRNewswire/ -- The board of directors of Valero Energy Corporation (NYSE: VLO) today declared a regular quarterly cash dividend of $.11 per share on the company's common stock. The dividend is payable March 9, 1993 to holders of record at the close of business Feb. 1, 1993.
 Valero Energy is involved primarily in specialized refining of high- sulfur atmospheric residual oil into premium products, such as unleaded gasoline, through its specialized refinery in Corpus Christi, Texas, and in the marketing of those products. Through subsidiaries, Valero is general partner of and has an approximate 49 percent interest in Valero Natural Gas Partners, L.P., which has a 7,200-mile network of natural gas transmission and gathering lines throughout Texas; purchases and sells natural gas to markets throughout the U.S. and Mexico; provides third party gas transportation services; and is a major producer and marketer of natural gas liquids.
 -0- 1/21/93
 /CONTACT: Keith Booke of Valero Energy Corporation, 210-246-2099/
 (VLO)


CO: Valero Energy Corporation ST: Texas IN: OIL SU: DIV

WB -- NY039 -- 7376 01/21/93 11:43 EST
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Publication:PR Newswire
Date:Jan 21, 1993
Words:184
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