05 February 2013 19:07 [Source: ICIS news]
HOUSTON (ICIS)--BP should see full benefits of its Whiting refinery upgrade in Indiana in 2014, the company’s CEO said on Tuesday.
The project is currently more than 85% complete and will continue until mid-2013, BP’s CEO Bob Dudley said during the company’s fourth quarter earnings call.
Furthermore, the crude unit will remain down until mid-2013.
According to Dudley, the whole commissioning process will take another 6-9 months, with full benefits of the upgrade seen in 2014.
Once operational, BP expects this project to “deliver an incremental $1bn [€740m] of operating cash flow for year depending on the environment”, Dudley said.
($1 = €0.74)
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