Chevron Studying Refinery Shutdown

Stock quotes in this article: CVX , TSO  

HONOLULU (AP) — The owner of one of two oil refineries in Hawaii is conducting a study to determine whether to cease refining operations at Campbell Industrial Park.

Chevron Corp. will decide if the oil refinery should be converted into a terminal for distribution of products shipped to Oahu.

The company says it's simply reviewing how best to use its facilities in a changing market.

Company spokesman Al Chee says just like any other business, Chevron must constantly be aware of the market and shape its actions accordingly.

Chevron refines imported crude oil into gasoline, fuel oil, diesel fuels, jet fuel and propane.

Tesoro Corp. operates the only other refinery in Hawaii.

Aloha Petroleum, Mid Pac Petroleum and some other companies import refined products.

___

Information from: The Honolulu Advertiser, http://www.honoluluadvertiser.com

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