Printer Friendly

UNOCAL AND STATE OF ALASKA SETTLE TAX DISPUTE

 LOS ANGELES, Aug. 13 /PRNewswire/ -- Unocal announced today that it reached a settlement with the State of Alaska resolving disputes over state oil and gas income and production tax liabilities for 1978 through 1982.
 The company agreed to make a $69.8 million payment comprised of $26.8 million in taxes and $43 million in interest.
 There will be no effect on Unocal's 1993 earnings as a result of this settlement.
 -0- 8/13/93
 /CONTACT: Janet McClintock of Unocal, 213-977-5047/


CO: Unocal ST: Alaska, California IN: OIL SU:

MF-BP -- LA037 -- 2683 08/13/93 16:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 13, 1993
Words:98
Previous Article:CARDIOPULMONICS REPORTS FOCUSED DEVELOPMENT EFFORTS, CASH CONSERVATION MEASURES IN CONTINUING ANTICIPATION OF A LENGTHY PMA REVIEW
Next Article:SPECTRASCIENCE INSTITUTES CASH CONSERVATION MEASURES, COMPLETING PRODUCT DEVELOPMENT ACTIVITIES
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters