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RE: Chevron May Sell Refineries as Demand, Margins Shrink (Update2)

Home Forums Refining Community Refinery News Chevron May Sell Refineries as Demand, Margins Shrink (Update2) RE: Chevron May Sell Refineries as Demand, Margins Shrink (Update2)

#6424

Charles Randall
Participant

Here is update on Chevron’s news about Rationalizing assets & possible sale as demand/margins shrink – very few details are admited in this version.
 
But it is part of an ongoing trend in Refining consolidation/mergers/asset rationalization as CVX mentions : Valero has its Aruba coking refinery and several of its smaller refineries up for sale this year, Western has decided to sell some of the refineries acquired from Giant including Yorktown coking refinery, and Citgo continues to sell off its refining assets as opportunities present themselves like Lyondell coking refinery & its two asphalt refineries sold to Nustar.
 
Regards

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