Friday, August 31, 2012

Energy Department - Cuts Estimate Of Refining Capacity Shut On Isaac - News

(Reuters) - The tiniest from the half a dozen Louisiana refineries of which power down before Isaac's landfall begun restarting on Thursday, shaving the quantity of real world capacity by simply some per cent for you to 879,500 barrels per day, or perhaps 11 percent regarding U.S. Gulf Coast refining capacity, the U.S. Department regarding Energy said.

Privately presented Placid Refining's 57,000 bpd refinery with Port Allen, Louisiana, appeared to be restarting, the company said.

Refineries still turn have a cumulative potential involving 990,500 barrels for each day, such as Phillips 66's 247,000 bpd Alliance refinery around Belle Chasse, in which crews discovered "some flooding" upon Thursday.

Included for the Energy Department 's set of half a dozen other crops managing with decreased premiums about Thursday seemed to be Royal Dutch Shell's inorganic seed throughout Saraland, Alabama. Also to the list ended up Exxon Mobil Corp's 502,500 bpd refinery in Baton Rouge, Louisiana, your place's third-largest refinery, plus Marathon Petroleum Corp's 490,000 bpd grow crops with Garyville, Louisiana, that fourth-largest in the United States.

The Energy Department mentioned the particular Louisiana Offshore Oil Port (LOOP) required to application gross essential oil offloadings through its safe-keeping features during Clovelly, Louisiana, on Thursday event also to continue offshore tanker offloadings through Saturday.

The LOOP shut lower previous to Isaac came ashore. Its primary treatments require offloading, storing, and also disbursing dangerous primitive oil from tankers via connecting pipelines in order to refineries throughout the Gulf Coast and Midwest.

The Department involving Energy wouldn't have Valero Energy Corp's 125,000 bpd refinery around Meraux, Louisiana, upon its set of shut refineries because, this said, this refinery were turn to get non-Isaac similar reasons prior to the hurricane hit.

Valero spokesman Bill Day stated the particular refinery's crude distillation device had been undoubtedly shut, but alternative items ended up running until the business shut down your entire place because of the hurricane threat.

Isaac arrived at shore with Tuesday being a Category just one hurricane, nevertheless had been soon after decreased to your warm storm and on Thursday to a sultry depression. As regarding Thursday, this storm presented small menace to many Gulf area energy facilities precisely as it went away from the coast and weakened.

Refinery level because with 1:00 p.m. EDT Thursday*

Location Capacity (bpd) Refineries restarting Placid Refining Port Allen, LA 57,000

Refineries turn off Chalmette Refining Chalmette, LA 192,500 Motiva Convent, LA 235,000 Phillips 66 Belle Chasse, LA 247,000 Valero Norco, LA 205,000

Refineries with lessened charges Chevron Pascagoula, MS 330,000 Shell Saraland, AL 80,000 Alon Krotz Springs, LA 80,000 ExxonMobil Baton Rouge, LA 502,500 Marathon Garyville, LA 490,000 Motiva Norco, LA 233,500

* Valero's 125,000 bpd Meraux refinery isn't integrated since it has been already close for reasons not in connection with Isaac.

Source: EIA

(Reporting by Kristen Hays in Houston plus Naveen Arul in Bangalore; Editing by way of David Gregorio)

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