Western Refining Announces Temporary Suspension of Refining Operations at Its El Paso Refinery Due to Extreme Weather Conditions
EL PASO, Texas, Feb 7, 2011 (GlobeNewswire via COMTEX) --
Western Refining (NYSE:WNR) announced today that on February 2, 2011, it temporarily suspended refining operations at its El Paso refinery due to inclement weather in El Paso and related curtailment of electricity by the local utility. The El Paso refinery experienced some freeze-related damage and the Company has begun the necessary repairs to resume operations. Management anticipates beginning startup of certain processing units in approximately three to five days and is working with its customers and suppliers to address any interruptions that may arise from this event.
About Western Refining
Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso, Texas. Western operates refineries in El Paso, and Gallup, New Mexico. Western's asset portfolio also includes refined products terminals in Albuquerque and Bloomfield, New Mexico and Yorktown, Virginia, asphalt terminals in Phoenix and Tucson, Arizona, Albuquerque, and El Paso, retail service stations and convenience stores in Arizona, Colorado, and New Mexico, a fleet of crude oil and finished product truck transports, and wholesale petroleum products operations in Arizona, California, Colorado, Nevada, New Mexico, Texas, and Utah. More information about the Company is available at www.wnr.com.
The Western Refining, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7615
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements which are protected as forward looking statements under the Private Litigation Securities Reform Act of 1995. The forward-looking statements contained herein include statements about, among other things, the Company's ability to identify and complete repairs to its El Paso refinery, the time frame for startup of certain processing units and management's ability to work with its customers and suppliers to address any interruptions. These statements are subject to the general risks inherent in our business. Our expectations may or may not be realized. Some of our expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Western's business and operations involve numerous risks and uncertainties, many of which are beyond Western's control, which could materially affect Western's financial condition, results of operations and cash flows. Additional information relating to the uncertainties affecting Western's business is contained in its filings with the Securities and Exchange Commission to which you are referred. The forward-looking statements are only as of the date made, and Western does not undertake any obligation to (and expressly disclaims any obligation to) update any forward looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Western Refining, Inc.
CONTACT: Investor and Analyst Contact:
Jeffrey S. Beyersdorfer