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BP to see full Whiting refinery upgrade benefits in 2014 -CEO

Tue, 05th Feb 2013 15:53

HOUSTON, Feb 5 (Reuters) - BP Plc likely won't seethe full financial benefits of the $4 billion upgrade at itsIndiana refinery until 2014, Chief Executive Bob Dudley toldanalysts on Tuesday.

He said the project, which will substantially increase the405,000 barrel-per-day (bpd) Whiting plant's ability to processcheap Canadian heavy crude, remains on target to wrap up in thesecond half of 2013. The restart and commissioning process willtake six to nine months after that, he said.

The plant's largest crude distillation unit shut in Novemberas part of the upgrade project and remains on schedule to be out"until the middle of the year," Dudley said.

(Reporting By Kristen Hays; Editing by Gerald E. McCormick)

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