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AMOCO RECEIVES $90 MILLION SETTLEMENT

 AMOCO RECEIVES $90 MILLION SETTLEMENT
 CHICAGO, June 2 /PRNewswire/ -- Amoco Production Company today


announced its Amoco Sharjah Oil Company subsidiary has received $90 million, after tax and royalties, from the Emirates General Petroleum Corporation as settlement for payments due for natural gas.
 The settlement will be reflected in the second quarter consolidated earnings of Amoco Corporation, Amoco Production's parent company.
 Emirates General Petroleum Corporation is owned by the United Arab Emirates. Amoco Production is the worldwide oil and gas exploration and production subsidiary of Amoco Corporation.
 -0- 6/2/92 R
 /CONTACT: Patricia Wright, 312-856-5566, or Margaret Laney, 713-556-7114, both of Amoco Corporation/
 (AN) CO: Amoco Production Company; Amoco Corporation ST: Illinois IN: OIL SU:


KD -- NY025 -- 6282 06/02/92 14:41 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 2, 1992
Words:124
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