February 10, 2011 / 6:48 PM / 9 years ago

Valero CEO says Eagle Ford crude use increasing

HOUSTON, Feb 10 (Reuters) - Valero Energy Corp (VLO.N) Chief Executive Bill Klesse said Thursday that Eagle Ford shale crude from south Texas was replacing foreign crude at the company’s 93,000 barrel per day Three Rivers, Texas refinery.

The refinery, located 74 miles south of San Antonio, is running 27,000 bpd of Eagle Ford crude currently, and is expected to run 40,000 bpd of the oil by May, Klesse said in a Thursday conference call.

Within the year, the refinery will be running 60,000 bpd of Eagle Ford.

“This is replacing foreign crude,” Klesse said. (Reporting by Erwin Seba; Editing by John Picinich)

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