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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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