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Old August 5th, 2008, 01:34 PM   #15
Shotgun
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http://www.bloomberg.com/apps/news?p...M&refer=energy
WERE SCREWED

Valero Says Three Texas Refineries Running at Reduced Rates

By Aaron Clark

Aug. 5 (Bloomberg) -- Valero Energy Corp., the largest U.S. refiner, said its Texas refineries in Texas City, Houston and Port Arthur, are operating at reduced rates because of Tropical Storm Edouard.

The refineries ``continue to operate at slightly reduced rates,'' spokeswoman Teri Levy said today in an e-mailed statement. ``Feedstock supply in Texas City is tight due to port closures. We do not anticipate production to be materially affected at any of our refineries.''

The company has 16 refineries from Quebec to Aruba, most along the U.S. Gulf Coast.

The Texas City refinery can process about 199,500 barrels a day of crude oil. The Houston refinery can process about 83,000 barrels of oil.

The Port Arthur refinery is capable of processing 325,000 barrels of crude a day, according to the U.S. Energy Department. The plant had ``some minor power disruptions'' because of the storm, according to Levy.

To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net
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