Valero Energy
30.06.2011
U.S. oil refining capacity increased to its highest level in nearly three decades during 2010, but refining operations remain well below historical highs seen in the 1990s, the Energy Information Administration said Wednesday.
There were 148 refineries operating in the U.S. at the beginning of 2011 with a capacity to produce 17.7 million barrels of petroleum products a day, up 0.9%, or 152,000 barrels per day, from the previous year, the EIA said.
more27.04.2011
Refineries operated by BP, Marathon Oil and Valero Energy, with combined capacities of 765,000 barrels of oil a day, have been hit by power outages in Texas City, Texas, officials said.
BP's 475,000 barrel per day (bpd) refinery in Texas City lost power on Monday evening, sending local residents inside to avoid breathing smoke from the refinery's flares.
more11.02.2011
Valero Energy Corp's Chief Executive Bill Klesse said on Thursday that new refineries in Asia and the Middle East like Reliance Industries giant Jamanagar, India, plant are selling to local markets and not exporting to the United States.
"The supply that's coming on-line from those refineries has stayed in their local markets," Klesse said during a Thursday morning conference call with Wall Street analysts.
more09.03.2010
LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from India's Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion.
As part of its reorganization plan, submitted to a U.S. bankruptcy court, Lyondell will sell 263.9 million Class B shares, mostly through a rights offering backed by private equity firms Apollo Management, Ares Management and Access.
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