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Oil and Gas

LyondellBasell plans to retain Houston refinery after asset review

NEW YORK, Jan 5 (Reuters) - LyondellBasell said on Thursday that it would retain its Houston-area refinery following a review of strategic options for the business.

“During the normal course of business it is not unusual for a company to periodically review its asset portfolio,” said Michael Waldron, vice president of corporate communications for LyondellBasell. The refinery has the ability to process 264,000 barrels a day of crude. (Reporting By Jessica Resnick-Ault; Editing by Chizu Nomiyama)

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