Petro-Can says has no deal to sell refinery parts

Wed May 14, 2008 11:44pm BST
 
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CALGARY, Alberta, May 14 (Reuters) - Petro-Canada (PCA.TO: Quote, Profile, Research) hopes to sell parts of its Edmonton, Alberta, refinery that will not be used when it completes a C$2.2 billion ($2.2 billion) retooling project, but has yet to sign a deal, a spokeswoman said on Wednesday.

"There have been some discussions with potential buyers through a third party that we've hired to assist us, but beyond that there's nothing signed," Kelli Stevens said.

A report in the online edition of India's Business Standard said CALS Refineries (CALS.BO: Quote, Profile, Research) bought two distillation units and a delayed coker from Petro-Canada for $110 million to use at a refinery it is moving to Haldia from Germany.

The report quoted Arun Ramachandra, president (commercial), CALS Refineries.

Stevens described the report as "premature."

Petro-Canada is converting the 125,000 barrel a day Edmonton plant to run crude solely derived from Alberta's oil sands. ($1=$1.00 Canadian) (Reporting by Jeffrey Jones; editing by Rob Wilson)

 
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