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New Orleans Oil :: ConocoPhillips
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New Orleans Oil :: ConocoPhillips
Canadian-based Suncor Energy Inc. is buying ConocoPhillips' Commerce City oil refinery, along with 43 Phillips gas stations and other assets, for $150 million.
Suncor, based in Calgary, is also buying current crude oil and product inventories. When the deal is completed, Suncor will take responsibility for the 585 employees, including 300 retail employees, as well as assume the existing contract with the local Paper, Allied-Industrial Chemical and Energy Workers International Union.
"Colorado is a growing, dynamic marketplace, and we're excited about expanding our business to this area. This acquisition provides us with the flexibility to move our products to the Denver refinery or other customers -- and gives us increased control of our product from production straight through to the consumer," said Rick George, Suncor CEO and president, in a statement.
Last year, the merger between Conoco Inc. and Philips Petroleum Co. was approved by the Colorado Attorney General's office because the companies agreed to sell all of Conoco's Denver refinery assets. Attorney General Ken Salazar and attorneys general in seven other states were concerned that the combined companies would reduce competition and lead to higher gasoline prices. Without the sales, the merged company would have controlled about 30 percent of the bulk supply capacity east of the Continental Divide.
New Orleans Oil Homepage
Refinery List of Oil Companies
Baton Rouge Refinery (ExxonMobil), Baton Rouge, Louisiana 494,000 bpd
Belle Chasse Refinery (ConocoPhillips), Belle Chasse, Louisiana 250,000 -- offline
Chalmette Refinery (ExxonMobil), Chalmette, Louisiana 183,000 bpd
Convent Refinery (Motiva Enterprises), Convent, Louisiana 255,000 bpd -- offline
Cotton Valley Refinery (Calumet Lubricants), Cotton Valley, Louisiana 13,000 bpd
Garyville Refinery (Marathon Ashland Petroleum), near Garyville, Louisiana 245,000 bpd
Krotz Springs Refinery (Valero), Krotz Springs, Louisiana 85,000 bpd
Lake Charles Refinery (Citgo), Lake Charles, Louisiana 425,000 -- operating
Lake Charles Refinery (Calcasieu Refining), Lake Charles, Louisiana 30,000 bpd
Meraux Refinery (Murphy Oil), Meraux, Louisiana 125,000 bpd -- offline
Norco Refinery (Motiva Enterprises), Norco, Louisiana 242,000 bpd -- offline
Port Allen Refinery (Placid Refining), Port Allen, Louisiana 48,500 bpd
Princeton Refinery (Calumet Lubricants), Princeton, Louisiana 8,300 bpd
Shreveport Refinery (Calumet Lubricants), Shreveport, Louisiana 35,000 bpd
St. Charles Refinery (Valero), Norco, Louisiana 260,000 bpd -- offline
Westlake Refinery (ConocoPhillips), Westlake, Louisiana 247,000 -- operating
http://en.wikipedia.org/wiki/List_of_oil_refineries#Texas
New Orleans Oil Homepage
Refinery List of Oil Companies
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