Chevron Seeking Buyer for Kapolei Oil Refinery in Hawaii
Chevron Corp. (CVX), the world’s third-largest oil producer by market value, is seeking a buyer for one of its smallest refineries, the Kapolei plant on the Hawaiian island of Oahu.
The sale of the the 54,000-barrel-a-day Kapolei complex is part of a larger plan to divest $10 billion worth of assets over the next three years. Closing the plant would leave Hawaii with a single 93,500-barrel-a-day refinery, which Par Petroleum Corp. (PARR) bought from Tesoro Corp. (TSO) last year…
19 September 2014