CVR Energy Subsidiary Extends Crude Oil Supply Pact

Thu Jul 9, 2009 4:35pm EDT
 
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SUGAR LAND, Texas, July 9 /PRNewswire-FirstCall/ -- Independent petroleum
refiner Coffeyville Resources Refining & Marketing, LLC, a subsidiary of CVR
Energy, Inc. (NYSE: CVI), announced today that it has agreed to extend by a
year the initial term of its crude oil supply agreement with Vitol Inc. 

(Logo:  http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO)

Under the amended agreement, Vitol agrees to continue to provide crude oil
supply and logistics intermediation on behalf of Coffeyville Resources
Refining & Marketing through Dec. 31, 2011.  

Founded in 1966, the Vitol Group is one of the world's largest marketers and
distributors of crude oil and petroleum products.  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.  

"In the past six months, our companies have forged a solid working
relationship," said Jack Lipinski, CVR Energy's chief executive officer.  "We
are very pleased to add another year to the initial term of our agreement."

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, eastern Colorado, western Missouri 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
    InvestorRelations@CVREnergy.com           MediaRelations@CVREnergy.com




SOURCE  CVR Energy, Inc.

Investor Relations, Stirling Pack, +1-281-207-3464,
InvestorRelations@CVREnergy.com  or Media Relations, Steve Eames,
+1-281-207-3550, MediaRelations@CVREnergy.com, both of CVR Energy, Inc.

 

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