Refining Community Logo

RE: CAL-Spice _ Premature news Petrocan Edmonton coker/crude

#6851

Charles Randall
Participant

<Looks like CAL jumped gun on deal with PetroCan on Edmonton’s used coker & crude units sale – but are in talks & will also be for Haldi “Frankenstien” Refinery that it is building. Charlie Randall>
Petro-Can says has no deal to sell refinery parts
Reuters CALGARY, Alberta, May 14, 2008 – Petro-Canada hopes to sell parts of its Edmonton, Alberta, refinery that will not be used when it completes a C$2.2 billion ($2.2 billion) – CALGARY, Alberta, May 14 – Petro-Canada hopes to sell parts of its Edmonton, Alberta, refinery that will not be used when it completes a C$2.2 billion ($2.2 billion) retooling project, but has yet to sign a deal, a spokeswoman said on Wednesday.
“There have been some discussions with potential buyers through a third party that we’ve hired to assist us, but beyond that there’s nothing signed,” Kelli Stevens said.
A report in the online edition of India’s Business Standard said CALS Refineries bought two distillation units and a delayed coker from Petro-Canada for $110 million to use at a refinery it is moving to Haldia from Germany.
The report quoted Arun Ramachandra, president , CALS Refineries. Stevens described the report as “premature.”
Petro-Canada is converting the 125,000 barrel a day Edmonton plant to run crude solely derived from Alberta’s oil sands.

Refining Community