Business Recorder - Markets - Energy https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 18:50:57 +0500 Thu, 13 Aug 2026 18:50:57 +0500 60 Valero plans to buy Chevron's UK oil refinery https://www.brecorder.com/news/6463/valero-plans-to-buy-chevrons-uk-oil-refinery <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/chaverons-400.jpg" width="400" height="185" />LONDON: US refiner Valero Energy Corp is planning to buy Chevron's British refinery for about $2 billion and an announcement is expected on Thursday, Bloomberg reported, citing two people with knowledge of the deal.</p> <p class="MsoPlainText">Chevron has been seeking a buyer for its last European plant, in Pembroke, Wales, for almost a year.</p> <p class="MsoPlainText">"I can say that we have been very explicit about our desire to explore our options in Europe," Bill Day, a spokesman for Valero told Bloomberg. He declined to comment on the deal.</p> <p class="MsoPlainText">Valero and Chevron were not available for comment.</p> <p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p> LONDON: US refiner Valero Energy Corp is planning to buy Chevron's British refinery for about $2 billion and an announcement is expected on Thursday, Bloomberg reported, citing two people with knowledge of the deal.

Chevron has been seeking a buyer for its last European plant, in Pembroke, Wales, for almost a year.

"I can say that we have been very explicit about our desire to explore our options in Europe," Bill Day, a spokesman for Valero told Bloomberg. He declined to comment on the deal.

Valero and Chevron were not available for comment.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/6463 Thu, 10 Mar 2011 11:52:48 +0500 none@none.com (Syed Murtaza Gheblehzadeh)