Texas BP Refinery Again Operating At Full Capacity
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Texas BP Refinery Again Operating At Full Capacity
BP’s Texas City refinery is operating at full capacity for the first time since Hurricane Rita struck.
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(January 3, 2009)--After three years of post-Hurricane Rita restoration work, BP's Texas City refinery began operating at full capacity this week, right on schedule.

The company had set the deadline for the end of 2008 to restore full production capacity.

BP spokesman Scott Dean said the milestone was reached when the unit that produces high-octane gasoline blending products finally began at the 475,000-barrel-a-day plant.

The plant's revival comes in the midst of a recession, with a 4 percent drop in demand as oil prices fell $100 a barrel from summer highs.

BP is still awaiting word from a federal judge in Houston regarding a plea deal to resolve its criminal liability in the March 2005 explosion at the Texas City plant that killed 15 people and injured many more.

BP's Texas City plant is the nation's third-largest refinery behind two Exxon Mobil plants in Baytown and Baton Rouge, according to the Energy Information Administration.

Latest Comments

Posted by: Someone Location: Near-Here on Jan 6, 2009 at 10:11 AM

Do not get comfortable with the lower gas prices,,, Because they are steadily rising!!!!!!
Posted by: Someone Location: Near-Here on Jan 3, 2009 at 11:09 AM

I'm glad BP finaly got teir Refinery up and running,,,,But our gas prices have risen, some as much as 20 cents a gallon (since yesterday[Friday],,,And 'Our' Government is going to raise the Federal Excise tax up ten cents soon?? 'NOW' does this make any sense????? WHERES THEIR SIGN(Stupid)?????
Posted by: Durango Location: third planet on Jan 3, 2009 at 08:21 AM

More supply against the demand. Also being a competitor of Exxon, they should help bring gas prices down lower and keep prices more stable.
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