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DIAMOND SHAMROCK TO ACQUIRE 15 VICKERS STORES IN NEW MEXICO

 SAN ANTONIO, Dec. 18 /PRNewswire/ -- Diamond Shamrock (NYSE: DRM) officials today announced their intention to purchase 15 gasoline/convenience stores in New Mexico from Total Petroleum, Inc. The two companies completed and signed a purchase agreement earlier this week and expect the purchase to be complete in about 60 days. Terms of the sale were not disclosed.
 The stores, which are branded Vickers, are located primarily in Bernalillo County, with 13 in Albuquerque and one each in Santa Fe and Rio Rancho. They will be rebranded Diamond Shamrock Corner Stores when the acquisition is completed.
 Diamond Shamrock Senior Vice President A.W. "Ed" O'Donnell explained that the 15 New Mexico stores are strategically located in an area that the company supplies with gasoline and diesel from its McKee refinery in the Texas Panhandle. Diamond Shamrock also has a products terminal in Albuquerque.
 Total Senior Vice President of Marketing C. Gary Jones commented that the sale to Diamond Shamrock also fit into their strategic plan of consolidating markets in the Mid-Continent and Rock Mountain region.
 Diamond Shamrock currently has about a 5 percent share of the market in New Mexico with four company operated Corner Stores and approximately 80 jobber stores.
 Diamond Shamrock, Inc., headquartered in San Antonio, is a regional refiner and marketer of petroleum products. Diamond Shamrock, with sales of $2.6 billion, has two Texas refineries with a throughput capacity of 165,000 barrels per day and markets gasoline through approximately 2,000 Diamond Shamrock branded outlets in eight states. The company also has the world's largest commercial underground storage facility for light hydrocarbons, manufactures and markets petrochemicals, processes natural gas, and markets natural gas liquids. Diamond Shamrock employs approximately 6,000 people.
 Total Petroleum (North America) Ltd. (TOPNA) is a Canadian holding company with a wholly-owned U.S. operating subsidiary, Total Petroleum, Inc. (TPI). TPI, headquartered in Denver, Colo., is active in refining and marketing of petroleum products and marketing of convenience store items in the Central United States. TPI operates four refineries with a combined capacity of approximately 197,000 barrels per day and markets its products in 22 states through more than 600 company-operated retail outlets with convenience stores and through independent distributors under the brand names APCO, Road Runner, Total, and Vickers. TPI employs approximately 7,000 people.
 -0- 12/18/92
 /CONTACT: Kathy Hughes, public relations, 210-641-8846, or Bill Strain, investor relations, 210-641-8708, both of Diamond Shamrock/
 (DRM)


CO: Diamond Shamrock; Total Petroleum Inc. ST: Texas IN: REA OIL SU: TNM

WB -- NY025 -- 8140 12/18/92 10:45 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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