Texas Refinery on the Block

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Texas Refinery on the Block

HOUSTON -- A 240,000-barrel-per-day oil refinery in Port Arthur, Texas, operated by a TotalFinaElf subsidiary, is for sale, Reuters is reporting.

The Atofina Petrochemicals oil refinery has been visited by representatives of several companies in the past six weeks, the source said. Atofina has yet to comment on the report.

Among the companies showing an interest in the plant are Premcor Inc. and Motiva Enterprises LLC, a joint venture between Shell Oil Co. and state-owned Saudi Aramco.

Both Motiva and Premcor have refineries in Port Arthur, a community of 58,000 located 90 miles east of Houston on the Texas coast. The companies did not comment, the report said.

The Port Arthur refinery has a state-of-the-art computerized control system and is primarily equipped to handle sour grades of crude oil, the source said.

At least two other Texas refineries are for sale, both owned by privately held Crown Central. One is located in LaGloria and the other in the Houston suburb of Pasadena.

The Atofina refinery is one of four in Port Arthur under investigation by the Texas Commission on Environmental Quality for possible violation of environmental regulations, according to Reuters.