Valero’s Texas refinery may restart in mid-April

09 April 2007 23:45  [Source: ICIS news]

HOUSTON (ICIS news)--Valero said on Monday its fire-damaged 170,000 bbl/day McKee refinery in Sunray, Texas, was expected to restart in mid-April, in line with a news media report that the refinery was scheduled to restart on 15 April.

The start-up would bring addition supplies to the gasoline market, which has seen prices moving up recently. An article by Reuters reporting service quoted sources as saying the refinery was scheduled for a 15 April restart.

Valero said it would not give specific dates of refinery shutdowns or start-ups, but noted the planned McKee start-up was still in line with statements made by the company made in February regarding an early-to-mid April restart.

The company said on 27 February that it anticipated it would be able to process 85,000 bbl/day of crude and produce about 55,000 bbl/day of gasoline and 20,000 bbl/day of distillate (primarily diesel and jet fuel) in early April.
The McKee refinery was shut as a result of the fire on 16 February in the propane de-asphalting unit (PDA).

The May NYMEX reformulated blendstock of oxygenate blending (RBOB) contract ended the day at $2.0946/gal down 3.42 cents from last Thursday. Despite the decline, the NYMEX RBOB contract was up from $1.9021/gal a month earlier.

By: Brian Balboa
+1 713 525 2653

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