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P. M. BRIEFING : Month to Repair Exxon Refinery

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<i> From Times Wire Services</i>

Exxon Corp. said today that the damage caused by the Christmas Eve explosion at its Baton Rouge, La., refinery that helped trigger a spiral in U.S. heating oil prices will be in full operation by mid-February.

The refinery “is expected to return to normal operations by mid-February,” the Exxon statement said. The plant returned to 50% of output last weekend.

The shutdown of Exxon’s second-largest refinery with a daily production of 455,000 barrels played a role in the escalation of heating oil prices that followed the Christmas freeze, which closed other refineries on the normally warm U.S. Gulf Coast.

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The American Petroleum Institute said the nation’s refinery output dropped 11% in the week that followed the accident and freeze.

Exxon has said the explosion, which destroyed an area the size of a football field, may have been caused by the unusually cold weather.

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