6TH UPDATE: ISAAC: US Gulf Coast Refinery Status
September 02 , 2012
As of 12 p.m Central Daylight Time (CDT) Sunday, two refineries in Isaac's path with 439,500 barrels per day of capacity were shut down. According to the U.S. Department of Energy (DOE), this figure represents six percent of total Gulf Coast capacity.
At midday Sunday, four refineries with a total of 730,500 b/d were in re-start mode. Also, five refineries capable of processing nearly 1.5 million b/d of crude oil were running at reduced rates.
On Friday, DOE entered into an agreement to loan Marathon Petroleum Co. 1 million barrels of sweet crude from the Strategic Petroleum Reserve (SPR). DOE stated the crude oil will be loaned from the SPR under short-term contractual agreements and will be returned to the reserve when supply conditions normalize.
Source: DownstreamToday Staff
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