The sole oil producer Hilcocore is looking at the purchase of closed Louisiana refineries

HOUSTON, Sept. 24 (Reuters) – Houston-based oil producer HILCO.UL is considering an alliance to convert the Philips 66 (PSX.N) filter into an oil export terminal within the Alliance, according to four sources. Action as a source of motor fuels.

Hilkor, the largest privately owned U.S. oil producer from Alaska to Pennsylvania, did not respond to requests for a 2,400-hectare facility on the Mississippi River.

Sources say a buyer is scheduled to visit the factory this week.

Phillips 66 declined to comment during a buyer’s visit this week.

“The transaction is in progress,” said Bernardo Fallas, a spokesman for Philips 66.

In August, Phillips 66 began contacting buyers who could purchase 255,600 barrels (BDD) filters on the southeast coast of Louisiana. Last month, Hurricane Irra left the commission after a protective wall was installed.

“America’s clean-up will not be big in the future,” said Greg Garland, CEO of Philips 66. Read more

According to experts, most of the floodwaters have been removed and most workers have returned to the factory.

In June, the US Energy Information Administration reported that the country’s refining capacity decreased by 4.5% or 848,385 bpd last year as a result of poor refining profits combined with labor policies.

The conversion of the Alliance station to a crude oil storage and distribution terminal makes sense, said Andrew Lipou, president of Libo Oil Associates, Houston Consultants.

“These refineries are getting older and older,” Lipo said.

Alliance Alliance Factory is for sale this year, one of three in the Gulf.

The other two are LyondellBasell Industries’ (LYB.N) 263,776-bpd Houston refinery and the Royal Dutch LL (RDSa.L) closed 211,146-bpd monastery, Louisiana, refinery.

The Alliance Filters Factory may have a future in the current energy transition, said John Owres, executive vice president, with Turner-Consultants Turner, Mason and Company.

Ours: “It’s still a possible filter. “We have lost a lot of potential. It may come back too strong. ”

Phillips is encouraged to carry out 66 repairs, Ours said.

“If it’s in working order, you always get a lot of money (for a filter),” Ours said.

Report by Erwin Seventy in Houston; Edited by Gary Mac Williams, Matthew Lewis and Daniel Wallace

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