Williams continues to divest assets, align balance sheet

Williams Cos. Inc. is continuing to divest itself of certain assets in an effort to shore up its balance sheet. Earlier this month, the Tulsa-based energy company announced a plan to resolve some of its liquidity problems (OGJ Online, Aug. 13, 2002).Included in these transactions:A subsidiary of Russian firm OAO Yukos has signed an agreement to purchase Williams's 26.85% equity interest in Lithuanian oil refining and transportation company AB Mazeikiu Nafta for $85 million.Williams's general partner interest in Northern Border Partners LP (NBP) has been sold to a unit of TransCanada PipeLines Ltd., Calgary, for $12 million.Williams is considering the sale of its ownership interest...

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