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These excerpts taken from the WNR 10-K filed Mar 13, 2009. We may
not be able to run our Four Corners refineries at increased
rates.
In 2005, Giant purchased an inactive pipeline running from
Southwest New Mexico to Northwest New Mexico. The pipeline
has been upgraded to transport crude oil from Southeast New
Mexico to the Four Corners region. While this additional supply
of crude oil was intended to allow us to run our Four Corners
refineries at increased rates, we may not be able to do so.
These refineries had been running at less than full capacity for
a number of years and there is no assurance that the refinery
units will be able to run at increased rates. Based on
seasonally lower product demand in the Four Corners area in the
winter months and to manage our working capital, we have removed
the crude oil from the pipeline. We will continue to evaluate
future demand and alternative sources of crude oil to determine
when the pipeline will be returned to service.
We may not be able to run our Four Corners refineries at increased rates. In 2005, Giant purchased an inactive pipeline running from Southwest New Mexico to Northwest New Mexico. The pipeline has been upgraded to transport crude oil from Southeast New Mexico to the Four Corners region. While this additional supply of crude oil was intended to allow us to run our Four Corners refineries at increased rates, we may not be able to do so. These refineries had been running at less than full capacity for a number of years and there is no assurance that the refinery units will be able to run at increased rates. Based on seasonally lower product demand in the Four Corners area in the winter months and to manage our working capital, we have removed the crude oil from the pipeline. We will continue to evaluate future demand and alternative sources of crude oil to determine when the pipeline will be returned to service. These excerpts taken from the WNR 10-K filed Feb 29, 2008. We may
not be able to run our Four Corners refineries at increased
rates.
In 2005, Giant purchased an inactive pipeline running from
Southwest New Mexico to Northwest New Mexico. The pipeline has
been upgraded to transport crude oil from Southeast New Mexico
to the Four Corners region. While this additional supply of
crude oil was intended to allow us to run our Four Corners
refineries at increased rates, we may not be able to do so.
These refineries had been running at less than full capacity for
a number of years and there is no assurance that the refinery
units will be able to run at increased rates.
We may not be able to run our Four Corners refineries at increased rates. In 2005, Giant purchased an inactive pipeline running from Southwest New Mexico to Northwest New Mexico. The pipeline has been upgraded to transport crude oil from Southeast New Mexico to the Four Corners region. While this additional supply of crude oil was intended to allow us to run our Four Corners refineries at increased rates, we may not be able to do so. These refineries had been running at less than full capacity for a number of years and there is no assurance that the refinery units will be able to run at increased rates. | EXCERPTS ON THIS PAGE:
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