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MAPCO PETROLEUM TO SELL FLORIDA RETAIL DIVISION

 MAPCO PETROLEUM TO SELL FLORIDA RETAIL DIVISION
 TULSA, Okla., June 8 /PRNewswire/ -- MAPCO Petroleum Inc. today


announced that it will sell its Florida Retail Division consisting of 38 company-operated convenience stores and 91 dealer-operated stores. The stores, which are located on the east coast of Florida, were purchased in 1989 from S&S Enterprises Inc. and Fore Oil Company. MAPCO has retained Chemical Bank Investment Banking to assist in the sale process.
 "Although the Florida market is strong and growing, the sale is part of MAPCO's strategy to concentrate in geographic areas where gasoline and diesel can be directly supplied by our Mid-South Refinery located in Memphis, Tenn.," James Alligood, vice president of retail marketing, said.
 MAPCO Petroleum's retail outlets include approximately 218 gasoline/convenience stores located principally in Memphis and Nashville, Tenn.; 27 travel plazas; and 20 gasoline/convenience stores located in Alaska.
 In addition to its gasoline/convenience stores, MAPCO Petroleum's operations also include a refinery in Memphis, Tenn., and the largest refinery in Alaska. MAPCO Inc. (NYSE: MDA) also conducts business through three other operating subsidiaries: MAPCO Coal produces and markets bituminous steam and metallurgical coal; MAPCO Gas Products produces and markets natural gas liquids and fertilizers; and MAPCO Transportation operates natural gas liquids and ammonia pipelines, and fractionation and storage facilities.
 -0- 6/8/92
 /CONTACT: David S. Leslie, 918-599-3655, or home, 918-747-0500, or Terri A. Willson, 918-599-3608, or home, 918-742-3535, both of MAPCO/
 (MDA) CO: MAPCO Petroleum Inc. ST: Oklahoma, Florida IN: OIL SU: TNM


GK-OS -- NY013 -- 7779 06/08/92 09:43 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
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