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Valero to Decide Sell NJ Refinery 2008

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    Charles Randall
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    Valero to Decide This Year Whether to Sell New Jersey Refinery
    2008-05-01 14:06 (New York)

    By Jordan Burke and Barbara Powell
         May 1 (Bloomberg) — Valero Energy Corp. will decide before
    the fourth quarter if it should sell all or part of its refinery
    in Paulsboro, New Jersey.
         The company is considering a sale, asset swap or joint
    venture, Bill Klesse, Valero chief executive officer, said after
    a shareholder meeting today.
         The Paulsboro refinery has a maximum operating capacity of
    166,000 barrels a day, according to U.S. Energy Department and
    company data.
         Valero has 17 refineries in the U.S., Canada and Caribbean.

    –Editors: Bill Banker, Joe Link

    To contact the reporters on this story:
    Jordan Burke in New York at +1-212-617-6106 or
    jburke29@bloomberg.net;
    Barbara Powell in Dallas at +1-214-954-9457 or
    bpowell4@bloomberg.net.

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