Looking For A Buyer For The Sunoco Refinery

Tuesday, December 16th 2008, 12:05 pm
By: News On 6


TULSA, OK -- Sunoco is actively talking with interested parties over the sale of its refinery in Tulsa.

CEO Lynn Elsenhans told analysts on Monday that there are four options for the refinery; selling, converting to a different operating model, use as a terminal or closing the facility.

Last month, Sunoco announced it was canceling a $375 million upgrade at the refinery.

Related story:11/7/2008 Refinery Upgrade Called Off 

The move, according to Elsenhans, was a big part of the refiner's capital spending plan reduction.

A decision on the refinery's future will be decided in 2009.

The Sunoco refinery is a major fixture on the west side of Tulsa.