Hunt Named as Executive Vice President and Chief Financial Officer of Premcor

    ST. LOUIS, Jan. 25 /PRNewswire/ -- The Premcor Refining Group Inc.
 announced today that, effective February 26, Ezra C. Hunt will be appointed as
 its new executive vice president and chief financial officer and will also
 serve as a director of the operating company.  Mr. Hunt is currently the
 senior vice president and chief financial officer of CITGO Petroleum
 Corporation, an $11 billion refining and marketing company located in Tulsa,
     "We are very pleased to make this announcement today," said William C.
 Rusnack, president and chief executive officer of Premcor.  "Ezra brings a
 wealth of industry experience to Premcor and is the type of leader we want as
 the company moves forward in its goals to create shareholder value, increase
 profitability and become a world class refining company," he added.
      Mr. Hunt, 49, spent more than 3 years with CITGO and was responsible for
 all financial and administrative support services associated with CITGO's
 refining and marketing operations.  Prior to joining CITGO, he served as
 senior vice president and chief financial officer of TIG Insurance Company.
 Mr. Hunt also spent over 20 years with Atlantic Richfield Company (ARCO) and
 was involved in all areas of its finance, strategic business planning and
 corporate governance.
     "During Ezra's tenure at CITGO, he provided leadership in the company to
 grow understanding, support and commitment to improved operational and
 financial performance," said Rusnack.  "We expect Ezra to play a key role in
 the continued development and implementation of financial systems and
 administrative programs at Premcor that will further enhance the company's
 overall performance."
     The Premcor Refining Group Inc. is a fortune 500 company based in
 St. Louis, Missouri that operates three petroleum refineries with 485,000
 barrels per day of total throughput capacity in the central United States.
 The Premcor Refining Group Inc. is a wholly-owned subsidiary of Premcor USA
 Inc., which is a wholly-owned subsidiary of Premcor Inc., whose principal
 shareholders are affiliates of the Blackstone Group (81%) and Occidental
 Petroleum (18%).

SOURCE The Premcor Refining Group Inc.

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