0000899243-97-002363 Sample Contracts

EXHIBIT 10.27 PARENT AGREEMENT
Parent Agreement • December 12th, 1997 • Lyondell Petrochemical Co • Petroleum refining • Delaware
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BETWEEN
Asset Contribution Agreement • December 12th, 1997 • Lyondell Petrochemical Co • Petroleum refining • Delaware
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Press Release EXHIBIT 99 [LYONDELL LOGO APPEARS HERE] [MILLENNIUM LOGO APPEARS HERE]
Lyondell Petrochemical Co • December 12th, 1997 • Petroleum refining

Houston, Texas, Iselin, New Jersey, and London, England - December 1, 1997 - Lyondell Petrochemical Company (NYSE:LYO) and Millennium Chemicals Inc. (NYSE:MCH) announced today that the joint venture transaction to form Equistar Chemicals LP, combining both companies' olefins and polymers businesses, has been completed. Equistar is now the largest and one of the lowest-cost producers of ethylene and polyethylene in North America. Equistar is owned 57% by Lyondell and 43% by Millennium.

Sample 1
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