Refineries up for sale


For sale: The Phillips 66 refinery in Louisiana. Two refineries are up for sale amid continued losses and an uncertain future for motor fuels. — Reuters

HOUSTON: The fourth-largest United States refiner Phillips 66 said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an uncertain future for motor fuels.

The company is holding talks with a potential buyer on the sale of its 255,600 barrel-per-day (bpd) Alliance refinery in Belle Chasse, Louisiana, according to two people familiar with the matter.

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