10/29/2009

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.

Related Summaries