• Most Popular
  • Most Shared

Conoco says no big storm damage at Alliance plant

Thu Sep 4, 2008 1:08pm EDT

Stocks

   

NEW YORK, Sept 4 (Reuters) - ConocoPhillips (COP.N) said on Thursday that its 195,000 barrels per day Alliance oil refinery in Louisiana has not been significantly damaged as a result of Hurricane Gustav but remains shut.

Stocks  |  Global Markets

"Power remains out at the Alliance refinery in Belle Chasse, La., and the refinery remains shut down," the company said in an update posted on its website.

"Preliminary assessments indicate that there is no significant damage at the Alliance refinery," it added.

Conoco's 280,000-bpd Lake Charles, Louisiana refinery, which was being restarted since Wednesday, will operate at reduced rates during the restart period, estimated to last between 10 and 14 days, the company said. (Reporting by Haitham Haddadin; Editing by Marguerita Choy)

Stocks
Global Markets


More from Reuters

Fannie Mae says adopts new pay rules

(Reuters) - Fannie Mae said it has adopted new compensation arrangements for executive officers, according to a filing with the Securities and Exchange Commission on Thursday.

» More Top News
Senate Majority Leader Harry Reid (D-NV) (C) walks with Senator Christopher Dodd (D-CT) (R) and Senator Max Baucus (D-MT) after the U.S. Senate approved President Barack Obama's healthcare overhaul on Capitol Hill in Washington, December 24, 2009. REUTERS/Jim Young

Reid delivers on healthcare

Party-line Senate vote passes bill that would extend health coverage to tens of millions of uninsured Americans, but it's not law yet.  Full Article 

Healthcare Reform
A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song
WEI GU:

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video 

CHINA