HOUSTON, Mon Apr 9, 2012 – The chief executive officer of ConocoPhillips’ newly minted downstream spinoff told analysts in its inaugural conference call that he would not comment on negotiations for the sales of its 185,000 barrel per day refinery in Trainer, Pa.
CEO Greg Garland said the new company will continue to shore up its refining portfolio and there may be additional portfolio actions in addition to the two refineries currently on the sales block – Trainer and Alliance in Louisiana.
NEW YORK, Wed Mar 28, 2012 – ConocoPhillips said on Wednesday it had extended the sale deadline for its 187,000-barrels-per-day refinery in Trainer, Pennsylvania to the end of May because of recent interest from potential buyers.
“Due to recent interest from potential buyers, we are extending the sales process deadline to the end of May to allow more time for discussions to take place,” said Rich Johnson, a spokesman for the company.
ConocoPhillips shut the refinery late last September and put it up for sale. The original sales deadline was March 31.