Crude decision: MPC to cancel coker project amid bleak heavy oil outlook.

摘要

Given thecompany's long- term outlook for lower heavy crude production, Marathon Petroleum Corp. (MPC) CEO Gary Heminger has said it will abandon the Garyville Coker 3 project, which aimed to increase the 94.5K b/d of coking capacity at its Garyville, Louisiana (US) refinery by 50.OK b/d. He commented, "Geopolitical events have caused lower production of heavy crude, including lower Venezuelan production, slower Canadian pipeline development, and Iranian sanctions. In addition, more light crude is being produced as a result of continued US shale growth."