CVR Energy Subsidiary Signs Crude Supply Pact With Vitol
03 Décembre 2008 - 10:15PM
PR Newswire (US)
SUGAR LAND, Texas, Dec. 3 /PRNewswire-FirstCall/ -- Independent
petroleum refiner Coffeyville Resources Refining & Marketing,
LLC, a subsidiary of CVR Energy, Inc. (NYSE:CVI), announced today
that it has signed a two-year crude oil supply agreement with Vitol
Inc. Specific terms of the agreement, which becomes effective Dec.
31, 2008, were not released. (Logo:
http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO) Founded in
1966, the Vitol Group is one of the world's largest physical oil
and commodities trading companies. The Vitol group of companies
operates from six major offices, including one in Houston. Vitol
also has interests in oil terminals and energy related assets
worldwide. Under the agreement, Vitol will provide crude oil supply
and logistics intermediation on behalf of Coffeyville Resources
Refining & Marketing through a term ending Dec. 31, 2010, which
can be extended under the terms of the agreement. "Vitol's proposal
is very competitive both from a cost and operational standpoint,"
said Jack Lipinski, CVR Energy's chairman, president and chief
executive officer. "We are very pleased with the capabilities and
experience the Vitol team brings to this deal. We look forward to a
long standing productive relationship with Vitol." The Vitol
agreement replaces an oil supply agreement with J. Aron &
Company, which will expire on Dec. 31, 2008. Coffeyville Resources
Refining & Marketing entertained several proposals before
selecting Vitol. About CVR Energy, Inc. Headquartered in Sugar
Land, Texas, CVR Energy, Inc.'s subsidiary and affiliated
businesses include an independent refiner that operates a 115,000
barrel per day refinery in Coffeyville, Kan., and markets
high-value transportation fuels supplied to customers through
tanker trucks and pipeline terminals; a crude oil gathering system
serving central Kansas, northern Oklahoma and southwest Nebraska;
an asphalt and refined fuels storage and terminal business in
Phillipsburg, Kan.; and, through a limited partnership, an ammonia
and urea ammonium nitrate fertilizer business located in
Coffeyville, Kan. For further information, please contact: Investor
Relations: Media Relations: Stirling Pack, Jr. Steve Eames CVR
Energy, Inc. CVR Energy, Inc. 281-207-3464 281-207-3550
http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO
http://photoarchive.ap.org/ DATASOURCE: CVR Energy, Inc. CONTACT:
Investor Relations, Stirling Pack, Jr., +1-281-207-3464, , or Media
Relations, Steve Eames, +1-281-207-3550, , both of CVR Energy, Inc.
Web site: http://www.cvrenergy.com/
Copyright
CVR Energy (NYSE:CVI)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
CVR Energy (NYSE:CVI)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024