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RE: Total Update Pt Arthur Coking Refinery Expansion (Update)

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#7045

Charles Randall
Participant

Update just in on Total Pt Arthur Refinery & Coker expansion
 
Nothing new in this Total news release (posted also on their website) about either $2.2B refinery expansion or coker – but does validate they are still actively progressing planning stage towards EPC stage.
 
  I still have all 3 of Pt Arthur Cokers on track Motiva in EPC now, Total moving there & Valero in rear still in Planning (maybe waiting sell couple refineries get more cash  – but saw they just bought some Euro refineries (Petroplus)! ). Valero did cut Texas City Crude & coker expansion from project list last spring – but I still think if it ever lines out operations that it might move back in. And they are still process looking at replacing all 6 drums at Pt Arthur and adding two more by 2010.
 
Think they must be listening to stock brokers & trying hedge Valero US$ in Euros$ with Petroplus buy?
Regards

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