Refiners Set to Take On the World

Entrepreneurs are racing to exploit the U.S. oil-and-gas revival with shiny new petrochemical plants and pipelines. But one group of old stalwarts is there already: refiners.

In the same week, Freeport LNG Development announced new supply agreements for the liquefied-natural-gas export terminal it hopes to start building next year, and Marathon Petroleum, Valero Energy and Phillips 66 announced second-quarter results.

All three reported increases in the amount of gasoline and diesel they exported; Phillips’s doubled year on year. In the 12 months ending in May, the U.S. exported an average 2.6 million barrels a day of refined products, …

Article source: http://online.wsj.com/article/SB10000872396390443545504577565412899448078.html

Short URL: http://refinerynews.com/?p=42502

Posted by on Aug 4 2012. Filed under Companies. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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