Here is update on COPs Trainer 185 MBD Refinery sale Delta Airlines made offer in Sept 2011 for $100MM. Recent news also says that COP has board approval for spin off of downstream assets that will now be under the Phillips 66 subsidiary name strange choice since Phillips has worse rep for Safety, Environment and Capital Investment that Conoco did. It is one reason name was retained after merger which now goes to the upstream assets.
As article also mentions there is news that the Sunocos PA 335 MBD refinery (~24% East Coast Gasoline) also has offer from Randnors Perfered Energy along United Warren (who owns another PA 66MBD refinery ) and 2 other companies.
