April 27, 2018 / 4:48 PM / 5 months ago

Phillips 66 to run refineries up to mid-90 percent range in second quarter 2018

HOUSTON (Reuters) - Independent U.S. refiner Phillips 66 (PSX.N) expects its nine refineries to run in the mid-90-percent range of their combined crude oil processing capacity of 1.6 million barrel per day (bpd) in the second quarter of 2018, company Chief Financial Officer Kevin Mitchell said on Friday.

Phllips 66 expects to spend between $90 million and $120 million on refinery maintenance in the second quarter, Mitchell said.

Reporting by Erwin Seba; Editing by Chizu Nomiyama

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