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OCCIDENTAL PETROLEUM SELLS EQUITY INTEREST IN TRIDENT NGL

 LOS ANGELES, March 8 /PRNewswire/ -- Occidental Petroleum Corp. (NYSE: OXY) announced today that it has agreed to sell its equity interest in Trident NGL Inc. to Trident for approximately $121.5 million cash.
 The sale of Occidental's equity interest in Trident will complete the disposition of substantially all of Occidental's domestic NGL business. Proceeds will be used in Occidental's debt reduction program. Closing of the transaction is subject to Trident's obtaining necessary consents and completion of financing arrangements.
 Trident NGL is the joint venture company formed by Hicks, Muse & Co. and Occidental that purchased substantially all of Occidental's domestic natural gas liquids assets in 1991.
 Trident is the nation's ninth largest producer of natural gas liquids.
 -0- 3/8/93
 /CONTACT: Howard Collins (media), 310-443-6523, or Kenneth J. Huffman (investors), 212-603-8183, both of Occidental Petroleum/
 (OXY)


CO: Occidental Petroleum Corp.; Trident NGL Inc. ST: California IN: OIL SU: TNM

KJ -- LA009 -- 3985 03/08/93 11:53 EST
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Publication:PR Newswire
Date:Mar 8, 1993
Words:158
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