Valero in Talks to Sell Delaware Refinery Back to Tom O’Malley

摘要

Valero is in “advanced” negotiations to sell the unprofitable Delaware City refin- ery it closed last year to an investment group headed by Tom O’Malley. It was O’Malley — then chairman of Premcor — who sold the same refinery to Valero just before the refining market peaked in 2005.