28 August 2006 20:49 [Source: ICIS news]
The deal would give Western will total refining capacity of 216,000 bbl/day, combining its 117,000 bbl/day El Paso, Texas refinery with Giant's 62,000 bbl/day refinery in Yorktown, Virginia and two northern New Mexico refineries with a combined capacity of 37,000 bbl/day.
Western said the merger would double its ability to process lower-cost sour and heavy crude from 12% of capacity to almost 25%. That total will reach 46% when it completes a previously announced expansion the
The transaction, which is subject to approval by Giant shareholders federal regulators, is expected to close in the fourth quarter of 2006.
Western is based in
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