UNION TEXAS TO SELL MORE U.S. ASSETS

Union Texas Petroleum Holdings Inc., Houston, is shedding more assets. Western Gas Resources Inc., Denver, agreed to buy the U.S. gas processing assets of Union Texas Products Corp., a unit of Union Texas. In addition, Union Texas is seeking a buyer for its U.S. petrochemical assets, which include a 42% interest in an ethylene plant at Geismar, La. Western Gas agreed to pay about $135 million for the gas processing assets, subject to adjustments. The transaction is expected to close in

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