AMOCO TO RETAIN SALT LAKE CITY REFINERY
Amoco Oil Co. has decided to keep its 40,000 b/cd Salt Lake City, Utah, refinery and related products marketing assets. The company posted a "for sale" on the plant and marketing operations early this year (OGJ, Jan. 27, p. 30). But Amoco Pres. William G. Lowrie said buyer interest did not match the value Amoco places on the operations. So the company plans to invest about $50 million during the next 2 years for near term operation of the facilities.