[StBernard] Murphy Oil to sell Meraux refinery during the current quarter
westley at da-parish.com
Fri Jul 29 00:23:32 EDT 2011
Murphy Oil to sell Meraux refinery during the current quarter.
Wood also said that Murphy's efforts to shed its refining business were
moving slower than he would like, but the pace was "understandable
considering the market."
Murphy said Monday that it would sell its 45,000-barrel-a-day Superior,
Wis., refinery to Calumet Specialty Products Partners LP (CLMT) for $214
million plus the value of facility's hydrocarbon inventory, which is
estimated to be about $260 million.
Wood said he expects to announce a sale of Murphy's only other U.S.
refinery, in Meraux, La., during the current quarter.
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