Valero: 'Making the Refinery Complex more Complex'; Company Plans Spending on Flagship Refineries

摘要

Valero's capital expenditures will be around 3.5 billion in this and the next couple of years as the company plans to expand some refineries, delay projects at others and even sell some assets.Valero will spend about 2.1 billion on economic projects, focusing on the flagship refineries in Texas, although the expansion of the Jean Gaulin Refinery in Quebec has been delayed, chief executive Bill Klesse said last week.