The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Valero resets work on Memphis refinery's gasoline unit -sources

Thu, 20th Aug 2015 18:17

HOUSTON, Aug 20 (Reuters) - Valero Energy Corp hasmoved back the start date for planned fall work on thegasoline-producing fluidic catalytic cracking unit (FCCU) at its180,000-barrel-per-day (bpd) refinery in Memphis, Tennessee, dueto strong Midwest refining margins, sources familiar with plantoperations said on Thursday.

Gasoline prices have shot up in the Midwest due to aproduction cut that began earlier this month at BP Plc's Whiting, Indiana refinery. That move also lowered crude oilprices, widening refineries' potential profits.

Valero planned earlier this year to install a flue gascooler on the 65,000-bpd FCCU beginning in mid-October, thesources said.

The earliest the work can now begin is late October and therefinery is also weighing whether to do the work in earlyDecember or early 2016 as part of a planned overhaul that willinclude the smaller of two crude distillation units and otherunits at the refinery. (Reporting by Erwin Seba; Editing by Paul Simao)

Related Shares

More News
3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output *

2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Cha...

1 May 2024 18:30

Sector movers: Oil, Autos drag on FTSE 350

(Sharecast News) - Weakness in the oil patch and among select cyclicals dragged on the FTSE 350 in the middle of the week.

30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

29 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing t...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.