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Union Pacific Resources has agreed to sell...

Union Pacific Resources has agreed to sell its Calnev Pipe Line Co. to GATX Terminals Corp., a Chicago-based petroleum storage and terminal operation. The sale price was $105 million, according to Union Pacific Resources, which is a subsidiary of Union Pacific Corp. Calnev is a 250-mile common carrier system operating primarily between Colton and Las Vegas. It includes four product terminals capable of storing 1.1 million barrels of gasoline, heating oil and jet fuel and two short pipelines in Oregon and Wyoming.


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