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Agrium faces losses from Unocal purchase. (Nitrogen Industry News).(Brief Article)
Canadian fertilizer producer Agrium has begun a lawsuit against US oil and gas company Unocal over liabilities arising from Agrium's purchase of Unocal's fertilizer assets. According to Agrium, the company faces up to $40m in environmental liabilities arising from the purchase, of which it has so far paid $6.8m, $4m of which Unocal has accepted liability for, but for which no payment has as yet been received. One such issue is the effluent sewer from the Kenai, Alaska site. Agrium claims it was told by Unocal that the sewer could be repaired for $3m, but that the day before the purchase Unocal agreed with the US ...
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- Arbitration Planned for Agrium, Unocal over Contract Dispute.
- Newspaper article from: Knight Ridder/Tribune Business News December 15, 2003 700+ words
...over supply of natural gas by Unocal to Agrium's ammonia and urea fertilizer...heart of the disputes between Agrium and Unocal is a disagreement in interpretation of the supply contract. Agrium maintains Unocal committed in the contract to...
- Agrium buys Unocal's fertilizer interests.(Brief Article)
- Magazine article from: Nitrogen & Methanol March 1, 2000 700+ words
Agrium has agreed to buy the nitrogen...Company of California (Unocal). Agrium is paying $325m for the...forms part of the package. Unocal had been looking to exit...a separate development, Agrium shut down its ammonia plant...
- Agrium, Unocal resolve part of natural-gas contract dispute.
- Newspaper article from: AK Oil & Gas Reporter (Anchorage, AK) August 2, 2004 700+ words
Aug. 2--Agrium Corp. and Unocal announced an agreement July 23...reserves in leases dedicated to Agrium after Unocal sold the ammonia and fertilizer...under the arbitration decision. Agrium and Unocal did not specify the price being...
- Unocal Selling Agrium Stock and Debt.(Brief Article)
- Magazine article from: Chemical Week November 1, 2000 700+ words
...worth of stock and debt it acquired from Agrium. Unocal received the securities and $250 million...325 million (CW, Jan. 26, p. 12). Agrium says Unocal will sell 2.6 million Agrium shares and $50 million worth of 6% convertible...
- Agrium concludes Unocal deal.(Agrium Inc. acquires Unocal Corp.'s nitrogen...
- Magazine article from: Nitrogen & Methanol November 1, 2000 700+ words
Agrium has secured approval...321m purchase of Unocal's nitrogen assets...bought by JR Simplot. Agrium is now the owner of Unocal's 1.2m t/a ammonia...on the west coast. Agrium has also agreed that Unocal can take 35% of excess...
- Less gas for Kenai. (Nitrogen Industry News).(Unocal Corp.)(Agrium Inc.)(Brief...
- Magazine article from: Nitrogen & Methanol July 1, 2003 700+ words
Unocal has told Agrium that it can expect cutbacks in the supply...units at Kenai, Alaska from this summer. Agrium has 1.25m t/a ammonia and 1.0m t/a of urea capacity at the site. Agrium is seeking legal redress and exploring...
- Unocal Makes More Cuts in Gas Supplies to Agrium's Plant in Nikiski, Alaska.
- Newspaper article from: Knight Ridder/Tribune Business News June 9, 2003 700+ words
...frequent communication with Agrium, Unocal spokesperson Roxanne...urea fertilizer, which Agrium sells mainly in export markets. Unocal built the plant in 1969...June 2 press release, Agrium said, the company "disputes Unocal's attempt to unilaterally...
- Unocal to Sell Agrium Stock.(Brief Article)
- Magazine article from: Chemical Market Reporter October 30, 2000 700+ words
UNOCAL CORPORATION will sell $75 million worth of Agrium Inc. stock and debt, which it acquired after the sale of its Alaskan nitrogen operations to Agrium. Unocal will sell both stock and $50 million in subordinated convertible debentures to Newcrest Capital Inc.
