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EL PASO REFINERY RESPONDS TO UNUSUAL TRADING VOLUME

 EL PASO REFINERY RESPONDS TO UNUSUAL TRADING VOLUME
 EL PASO, Texas, Dec. 11 /PRNewswire/ -- In response to unusual


trading volume of its preferred units on the New York Stock Exchange, El Paso Refining, Inc., the general partner of El Paso Refinery, L.P. (NYSE: ELP), today stated that it knows of no new developments which would cause this unusual trading activity.
 As indicated in its press release of Nov. 14, 1991, the partnership reported a $6.2 million loss for the quarter ended Sept. 30, 1991. This loss was primarily the result of depressed product prices on the United States West Coast and a result of reduced processing rates during the completion of the partnership's refinery expansion to 55,000 barrels per day of crude oil processing capacity. The general partner also stated it is continuing to negotiate a financing plan with its lenders and other institutional investors which it believes will restore the partnership's liquidity and working capital position.
 -0- 12/11/91
 /CONTACT: Mike Shelton, executive vice president, or Ransom B. Jones, executive vice president, both of El Paso Refinery, 915-772-1433/
 (ELP) CO: El Paso Refining, Inc. ST: Texas IN: OIL SU:


JT -- NY044 -- 1460 12/11/91 12:16 EST
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Publication:PR Newswire
Date:Dec 11, 1991
Words:203
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