Valero assessing damage at Texas refinery

20 February 2007 19:37  [Source: ICIS news]

HOUSTON (ICIS news)--Valero said on Tuesday it was still assessing damage at its 170,000 bbl/day McKee refinery in Sunray, Texas, following a fire which started in a propane deasphalting unit last week.


The McKee refinery was shut as a result of the fire on 16 February


The company has not determined when partial plant operations might resume, it said. 


Valero said that two workers injured in the fire were in good condition and expected to go home this week. Meanwhile, a third individual in a burn centre at University Medical Center in Lubbock, Texas, remains in critical but stable condition.


“We have purchased product and made other arrangements to cover our immediate supply requirements,” Valero said.


On the NYMEX, the March reformulated blendstock of oxygenate blending (RBOB) futures contract opened Tuesday trading at $1.65/gal, up 0.47 cents from the 16 February settlement of $1.6453/gal.

By: Brian Balboa
+1 713 525 2653

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