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Sunoco Leases Best Petroleum Retail Gasoline Outlets And Convenience Stores in Northeast    

27 September 1999

Sunoco Leases Best Petroleum Retail Gasoline Outlets And Convenience Stores in Northeast    

    PHILADELPHIA, Sept. 27 -- Sunoco, Inc. and Best
Petroleum Co., Inc., a privately held company, today jointly announced that
Sunoco has signed a long-term lease and will supply and operate fourteen of
Best's company operated gasoline and convenience stores in metropolitan
Boston.  These sites will be rebranded to Sunoco gasoline and A-Plus
convenience stores.  Sunoco will also supply fourteen of Best contract
dealers.  Terms of the transaction were not disclosed.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990927/PHM031 )
    "We are pleased to add these quality assets from Best Petroleum and to
welcome our new store-level employees to Sunoco," said Robert Owens, vice
president and general manager, Sunoco Northeast Marketing.  "This transaction
represents a strong strategic fit for our company and reflects Northeast
Marketing's continuing commitment to identify profitable growth initiatives."
    Lynn, MA-based Best Petroleum operates gasoline stations and convenience
stores and supplies independent dealers in the Boston area.  Best has been
developing its reputation for quality and service for more than twenty-seven
years.  The company has aggressively developed a competitive portfolio of
retail sites that supports the high-volume distribution of petroleum and
convenience store products.
    Sunoco, headquartered in Philadelphia, is one of the largest independent
U.S. petroleum refiner-marketers.  The company operates five domestic
refineries with 730,000 barrels per day of crude oil processing capacity and
markets gasoline under the Sunoco brand through approximately 3,700 Sunoco
outlets in 17 states from Maine to Virginia and west to Indiana.