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MARATHON ACQUIRES INTEREST IN COLONIAL PIPELINE

 HOUSTON, March 9 /PRNewswire/ -- USX Corporation's Marathon Group (NYSE: MRO) announced today that it has acquired 2.5 percent of Colonial Pipeline Company's common stock from BP Oil Company. The price was not disclosed.
 Colonial is the highest volume petroleum products pipeline in the United States, transporting over 1.7 million barrels per day from the Gulf Coast area of Texas, Louisiana and Mississippi to locations in 13 southeastern and East Coast states.
 Existing Marathon pipelines link the company's Texas City and Garyville refineries to the Colonial system at Marathon's terminals in Pasadena, Texas and Zachary, La. Twelve of Marathon's 15 southeast terminal locations can be supplied by Colonial, so the system already provides Marathon a strategic transportation link to the company's southeastern markets.
 -0- 3/9/93
 /CONTACT: William P. Ryder, 713-296-3915, or Michael R. Dixon, 713-296-3912, both of USX Corporation/
 (MRO)


CO: Marathon Oil; USX Corporation; Colonial Pipeline Company;
 BP Oil Company ST: Texas, Louisiana, Mississippi IN: OIL SU: TNM


KC-CD -- PG004 -- 4463 03/09/93 10:47 EST
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Publication:PR Newswire
Date:Mar 9, 1993
Words:171
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