ConocoPhillips delays refinery upgrade

By OGJ editors
HOUSTON, Nov. 18
-- ConocoPhillips has confirmed plans to delay the upgrade of its 260,000-b/d Wilhelmshaven refinery in Germany.

“This is the right project for Wilhelmshaven—but not now,” said Willie Chiang, senior vice-president, refining, marketing, and transportation. “We will reevaluate this investment opportunity as market conditions warrant.”

ConocoPhillips had planned to add a coker, hydrocracker, and hydrogen units to the refinery, which it acquired in 2006 from Louis Dreyfus Refining & Marketing Ltd.

ConocoPhillips Chairman and Chief Executive Officer Jim Mulva last month said delay of the project was possible (OGJ, Nov. 16, 2009, p. 68).

To access this Article, go to: