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ASHLAND FILES SHELF REGISTRATION FOR $250 MILLION OF ADDITIONAL DEBT SECURITIES

 ASHLAND, Ky., Nov. 18 /PRNewswire/ -- Ashland Oil, Inc. (NYSE: ASH) announced today that it has filed with the Securities and Exchange Commission (SEC) a shelf registration statement to allow for offerings from time to time of an additional $250 million in medium-term notes.
 Ashland has previously filed shelf registration statements for $750,000,000 in medium-term notes of which $698,373,000 have been sold. As a result of the most recent registration, $301,627,000 in notes may be offered in the future as separate series of senior debt in amounts and at prices and terms to be determined at the time of the offerings. CS First Boston, Salomon Brothers Inc and Prudential Securities Incorporated will act as agents in connection with the offerings.
 The company said the net proceeds of the offerings will be used for debt refinancing and general corporate purposes.
 Any offering will be made only by means of a written prospectus. A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
 This press release shall not constitute an offer to sell or solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Ashland Oil, Inc. is a diversified energy corporation engaged in petroleum refining, transportation and wholesale marketing; retail gasoline marketing; motor oil and lubricant marketing; chemicals; coal; highway construction; and oil and gas exploration and production.
 -0- 11/18/93
 /CONTACT: Martha Johnson of Ashland Oil, 606-329-4101/
 (ASH)


CO: Ashland Oil, Inc. ST: Kentucky IN: OIL SU: OFR

DM -- PG018 -- 6281 11/18/93 17:41 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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