press release

Unocal reiterates position on withdrawal from trans-Afghanistan pipeline project

El Segundo, Calif., Feb. 16, 1999 - Unocal Corporation today reiterated that it no longer has any role in developing or funding the proposed CentGas pipeline project across Afghanistan.

The company stated that it is not considering rejoining the CentGas consortium, nor has the company had any discussions with persons or entities anywhere about re-entering the project since Unocal formally withdrew from CentGas in December 1998 (See Unocal statement, Dec. 10, 1998).

Unocal issued this statement after an erroneous press report from Islamabad, Pakistan, quoted Pakistani officials who indicated that Unocal was showing an interest in rejoining the consortium.

Updated: February 1999