UNOCAL TO BUY SHELL CALIFORNIA REFINING ASSETS

Unocal Corp.'s Union Oil Co. of California unit has signed a letter of intent to purchase most of Shell Oil Co.'s Wilmington refinery complex at Carson, Calif. The complex includes the Wilmington and Dominguez sites at Carson and the Mormon Island marine terminal in Los Angeles Harbor. Unocal plans to acquire all of the facilities at the Wilmington site except a lubricants compounding plant, which Shell plans to retain. Included in the proposed sale are a 125,000 b/d crude unit, a

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