(EnergyAsia, August 21, Friday) — Valero Energy Corp, the US’s largest oil refiner, may seek to acquire New Zealand Refining Co to expand outside its home market. Worried that costly new environmental regulations might crimp profitability, Valero could make a bid for Exxon Mobil Corp.’s 19% and Royal Dutch Shell’s 17% stake in the New…
NEW ZEALAND: US refining giant considers acquiring NZ refiner
Posted on August 20, 2009 by EnergyAsia