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SANTA FE PACIFIC PIPELINE PARTNERS L.P. ANNOUNCES FOURTH QUARTER 1993 DISTRIBUTION

 LOS ANGELES, Jan. 13 /PRNewswire/ -- Santa Fe Pacific Pipeline Partners L.P. (NYSE: SFL) has announced a cash distribution of 70 cents on each preference and common unit for the fourth quarter of 1993. The distribution is payable Feb. 14, 1994, to holders of record as of Jan. 31, 1994.
 Irvin Toole Jr., chairman, president and chief executive officer of the General Partner, said, "We are pleased to announce that with this distribution, the Partnership has met the criteria necessary to end the period of subordination of the Partnership's common units to its preference units. As a result, all distinctions between units outstanding, including the common units beneficially owned by Santa Fe Pacific Corp., will be eliminated, and all units will be treated the same."
 Santa Fe Pacific Pipeline Partners L.P. is the largest independent refined products pipeline in the United States in terms of revenue generated. The Partnership serves six western states with approximately 3,300 miles of common carrier pipeline and 14 truck loading terminals.
 -0- 1/13/94
 /CONTACT: Thomas L. Lambert, manager, investor relations, 213-486-7766/
 (SFL)


CO: Santa Fe Pacific Pipeline Partners L.P. ST: California IN: OIL SU: DIV

MF-LS -- LA033 -- 1963 01/13/94 18:15 EST
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Publication:PR Newswire
Date:Jan 13, 1994
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