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Marathon / Ashland Joint Venture Officers Named
PR Newswire
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June 11, 1997
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COPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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HOUSTON, June 11 /PRNewswire/ -- Ten additional officers of the proposed USX-Marathon Oil Company / Ashland Inc. refining, marketing and transportation joint venture were announced today by J.L. (Corky) Frank, designated president of the joint venture company.
The two companies signed a letter of intent in May to pursue a combination of the major elements of their refining, marketing and transportation operations under which Marathon would have a 62 percent ownership and Ashland would have 38 percent. The joint venture's headquarters will be in Findlay, Ohio.
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