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MARATHON OIL COMPANY UNIT FORMS JOINT VENTURE COMPANY

 HOUSTON, Aug. 16 /PRNewswire/ -- A unit of Marathon Oil Company (NYSE: MRO) has formed a joint venture company to market gas to customers throughout the United Kingdom, it was announced today.
 Vector Gas Limited, equally owned by Marathon and Hydro-Electric, will market gas under the HE brand to commercial and industrial customers. Vector anticipates extending gas sales to the retail market when deregulation permits such activity. Marathon will facilitate joint venture gas supplies, transportation and deliveries.
 The joint venture marks Marathon's entry into the downstream end-user gas market in the United Kingdom.
 /delval/
 -0- 8/16/93
 /CONTACT: William P. Ryder, 713-296-3915, or Michael R. Dixon, 713-296-3912, both of Marathon Oil/
 (MRO)


CO: Marathon Oil Company; Vector Gas Limited; Hydro-Electric ST: Texas IN: OIL SU: JVN

KC -- PG006 -- 2983 08/16/93 10:28 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
Words:135
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