COMPANY NEWS: Lyondell to buy Citgo’s stake in Houston refinery

09/04/2006
Lyondell Chemical Co. will acquire Citgo Petroleum Corp.’s 41.25% interest in Lyondell-Citgo Refining LP for $2.1 billion, including the refining company’s debt.In other recent downstream company news: Harvest Energy Trust, Calgary, plans to acquire the 105,000 b/cd North Atlantic Refining Ltd. refinery and related businesses from Vitol Refining Group BV for $1.6 billion (Can.). Western Refining Inc. plans to acquire Giant Industries Inc., Scottsdale, Ariz., for $1.5 billion, including $275 million in debt. Tenaska Energy Inc. of Omaha, Neb., formed a biofuels company, Tenaska BioFuels LLC, to provide marketing, physical delivery, and financial services to the ethanol and biod...
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