Sun Co. Inc. expects to spend an average $400 million/year during 1990-95 on its U.S. refining and marketing business, although it sliced its projected total capital outlays for 1990 by about $250 million. Sun plans to use internal funds for the increased spending on refining and marketing, saying its 1988 purchase of Atlantic Petroleum Corp. will help it meet future environmental standards for products. The 1990 spending cut stems mainly from reduced outlays for real estate and leasing
Sun Co. Inc. expects to spend an average $400 million/year during 1990-95 on its U.S. refining and marketing business, although it sliced its projected total capital outlays for 1990 by about $250 million.
Sun plans to use internal funds for the increased spending on refining and marketing, saying its 1988 purchase of Atlantic Petroleum Corp. will help it meet future environmental standards for products.
The 1990 spending cut stems mainly from reduced outlays for real estate and leasing activities.
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