Chevron looks to add a Texas refinery to handle Permian production in the Houston area

Fuel Fix:
Chevron said Wednesday it's interested in either buying or building an oil refinery in the Houston area to process its booming production from West Texas' Permian Basin.

Chevron is the nation's second-largest energy company, but it doesn't have any Texas refineries. Outside of the West Coast, California-based Chevron only has its Pascagoula refinery in Mississippi.

Spokesman Braden Reddall said a strong refining portfolio is a critical focus for the company.
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As first reported by Reuters, Chevron's head of downstream and chemicals, Pierre Breber, said at an energy conference in London that the company is highly interested in gaining a strong oil refining presence along the Houston Ship Channel to take advantage of the company's increasing presence in the Permian.
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I think they might be better off building a new designed for light crude than buying an existing one since most of those were designed for imported heavy crude.  A new light crude refinery would also enhance US national security and reduce dependency on foreign imports.

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