Valero Energy is planning to invest $730 million to expand the capacity of its Texas refineries in a bid to process more crude from the Eagle Ford Shale. The upgrade will add a combined capacity of 160,000 barrels of oil per day to the company's refineries in Houston and Corpus Christi. "We're processing as much light sweet crude as we can at both of those facilities right now. Because [of] our proximity to the Eagle Ford Shale, we'd like to be processing more," said spokesman Bill Day.
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