Valero announces sale of refinery
4/08/2010 04:59:00 PM


Valero Energy confirmed sale of its shuttered Delaware City Refinery this afternoon to Connecticut-based PBF Energy Partners LLC, at a $220 million price that reflects writeoffs in 2009 totaling more than $1.7 billion.

The company said it expects to complete and close the deal before June 30, with Valero retaining ownership of remaining, limited inventories of crude oil and refined products still at the plant.

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Labels: Delaware, Markell, oil, Valero

 
Posted by AllGreenEditor