BP Amoco offering to sell Louisiana Alliance refinery

Jul 15, 1999 02:00 AM

BP Amoco announced it is offering to sell its Alliance refinery, near Belle Chasse, Louisiana, in Plaquemines Parish. This decision was reached following a strategic review of the company's refining business and product supply needs. "The principal reason for the decision to sell is that BP Amoco does not need to own the Alliance refinery to meet its product supply needs," said refinery manager Felix Strater. "The Alliance facility is one of the best sweet crude refineries in the country and a strong financial performer.
Over the past several years the employees at the Alliance refinery have made significant strides in improving safety, environmental performance and profitability. I am certain that another company will find the Alliance refinery a good investment." Strater said. "BP Amoco intends to continue refinery operations during the sales process, and our customers will see no change in the quality, consistency or delivery of products." Strater noted that if an acceptable offer is not received for the refinery, BP Amoco will continue to own and operate the refinery.
The refinery, located along the banks of the Mississippi River south of New Orleans, refines approximately 250,000 bpd of crude oil.
Facilities include 15 processing units, bulk storage facilities, as well as pipeline and terminal operations. The facility employs about 760 people, 360 employees and 400 contractors. Associated crude oil and products pipeline, including the Collins pipeline terminal in Covington County, Mississippi, will be offered for sale along with the Alliance refinery. "We will work with the purchaser to retain as many of the refinery and pipeline employees as possible," Strater said. "Should any employees lose their jobs in the transition, we will assist them in finding new employment and provide eligible employees with severance benefits." Strater continued, "We are encouraging our employees, customers, suppliers and the community to contact the refinery management with any concerns or questions regarding this sale. We intend to fulfil the many commitments that we have made in the community." In addition to the Alliance refinery, BP Amoco operates 6 other refineries in the United States located in Mandan, North Dakota; Whiting, Indiana; Toledo, Ohio; Texas City, Texas; Salt Lake City, Utah; and Yorktown, Virginia.

Other BP Amoco assets in Louisiana include onshore exploration and production fields in the Tuscaloosa Trend, several other smaller fields in South Louisiana, offshore Gulf of Mexico Shelf and Deepwater operations, as well as BP and Amoco branded marketing outlets. BP and Amoco merged on December 31, 1998, to form BP Amoco -- an international company involved in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation of hydrocarbons; and manufacturing and marketing of petrochemicals and solar power generation.

Source: PRNewswire via Newspage
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