Valero denies discussions with India's Reliance for three refineries:

10/28/2009 | Wall Street Journal, The

Bill Klesse, Valero's CEO, said the company is not holding discussions for the sale of three refineries to India-based Reliance Industries. Klesse, however, did not refute reports that Valero in engaged in talks with PetroChina for Valero's Aruba refinery. Valero earlier announced it is considering a sale of the troubled refineries as a strategic option to bring down costs.

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