ST. LOUIS, Jan. 3 /PRNewswire/ -- Premcor Inc. announced today that it
plans to shutdown the fluid catalytic cracker (FCC) unit, gas oil
hydrotreating unit and sulfur plant at its Port Arthur, Texas refinery for
approximately 35 days beginning January 4, 2002 for planned maintenance. The
refinery, with a crude distillation capacity of 250,000 barrels per day
("bpd"), has the ability to process 100% sour crude oil, including up to 80%
heavy crude oil, and produces conventional and reformulated gasoline, low-
sulfur diesel fuel, jet fuel, petrochemical feedstocks and fuel coke.
Premcor Inc., through its principal operating subsidiaries, The Premcor
Refining Group Inc. and The Port Arthur Coker Company, L.P., is one of the
largest independent petroleum refiners and marketers of unbranded
transportation fuels, heating oil, petrochemical feedstocks, petroleum coke
and other petroleum products in the United States. The company has an
aggregate 490,000 barrels per day (bpd) of crude distillation capacity at its
three refineries located in Port Arthur, Texas (250,000 bpd), Lima, Ohio
(170,000 bpd) and Hartford, Illinois (70,000 bpd).
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including Premcor
Inc.'s current expectations with respect to planned maintenance at its Port
Arthur refinery. Words such as "expects," "intends," "plans," "projects,"
"believes," "estimates," "may," "will," "should," "shall," and similar
expressions typically identify such forward-looking statements. Even though
Premcor Inc. believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no assurance that
its expectations will be attained. Factors that could cause actual results to
differ materially from expectations include, but are not limited to,
operational difficulties, varying market conditions, potential changes in
gasoline, crude oil, distillate and other commodity prices, government
regulations, and other factors contained from time to time in the reports
filed with the Securities and Exchange Commission by the company and its
subsidiaries Sabine River Holding Corp., Premcor USA Inc. and The Premcor
Refining Group Inc., including quarterly reports on Form 10-Q, reports on Form
8-K, and annual reports on Form 10-K.
For further information, please visit us on the worldwide web at
http://www.premcor.com, or contact:
SOURCE Premcor Inc.
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Related links:
http://www.premcorinc.com
CONTACT:
Investors, Karen Davis, +1-314-854-1424,
ir@premcor.com , or Media, Jim Joyce, +1-314-854-1511,
jim.joyce@premcor.com
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