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This excerpt taken from the MRO 10-Q filed Aug 7, 2007. Contract commitments – At June
30, 2007 and December 31, 2006, Marathon’s contract commitments to acquire
property, plant and equipment totaled $2.505 billion and $1.703 billion. During
the first six months of 2007, the majority of additional contract commitments
were related to the expansion of the Company’s Garyville, Louisiana, refinery.
This excerpt taken from the MRO 10-Q filed May 7, 2007. Contract commitments
– At March 31, 2007 and December 31, 2006, Marathon’s contract commitments to
acquire property, plant and equipment totaled $2.242 billion and $1.703 billion.
During the first quarter of 2007, the majority of additional contract
commitments were related to the expansion of the Company’s Garyville,
Louisiana, refinery.
This excerpt taken from the MRO 10-Q filed Nov 4, 2005. Contract
commitments – At September 30, 2005, Marathon’s
contract commitments to acquire property, plant and equipment and long-term
investments totaled $1.026 billion.
This excerpt taken from the MRO 10-Q filed Aug 8, 2005. Contract commitments – At June 30,
2005, Marathon’s contract commitments to acquire property, plant and equipment
and long-term investments totaled $1.279 billion.
This excerpt taken from the MRO 10-Q filed May 9, 2005. Contract commitments –
At March 31, 2005, Marathon’s contract commitments to acquire property, plant
and equipment and long-term investments totaled $1,301 million. Included in these contract commitments is $64
million related to the approximately $300 million in refinery upgrade and
expansion projects for its 74,000 bpd Detroit, Michigan refinery. Marathon will loan MAP the funds necessary
for the Detroit, Michigan refinery upgrade and expansion projects. The MAP LLC
Agreement has been amended to allow the Detroit refinery cash flows to be
dedicated to service this debt. The
Put/Call Agreement was amended to provide that, in the event Marathon exercises
its call right, the Detroit refinery will not be valued at an amount less than
the working capital related to the Detroit refinery, excluding working capital
additions related to the expansion and clean fuels project.
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