April 8, 2008 / 12:50 PM / 10 years ago

Marathon oil sales up 6 pct from fourth quarter

NEW YORK, April 8 (Reuters) - Marathon Oil Corp (MRO.N) said on Tuesday it sold about 375,000 barrels of oil equivalent during the first quarter, up 6 percent from the fourth quarter, and said its refining margins in the first quarter would be “slightly negative.”

The Houston-based company also said it expects its share of the Athabasca oil sands project in Canada to be about 24,000 barrels per day, down from its earlier forecast of 30,000 bpd, because of weather-related issues. (Reporting by Matt Daily, editing by Gerald E. McCormick)

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