Economy

Largest Refinery in US Resumes Operations Following 2 Weeks of Inactivity

The largest USA refinery was restarting production on Monday for the first time since being shut almost two weeks ago by Hurricane Harvey, said sources familiar with plant operations.

Total SA's 225,500-barrel-per-day Port Arthur, Texas, refinery may be shut for weeks because an August 30 power outage during Tropical Storm Harvey caused crude oil to plug a key pipeline, Gulf Coast market sources said on Monday. The HCU-2 is a lucrative source of motor fuel exports for Motiva.

Valero's 335,000-barrel-a-day Port Arthur refinery shut down in late August along with many other refineries along the gulf coast due to wind, flooding and electricity problems related to Harvey.

"There was no way to flush it after the power went out", one of the sources said of the pipe.

Motiva confirmed the refinery was restarting units on Monday. Motiva did not give a timeline for fully restoring output.

It could take four to eight weeks to get the refinery completely back up and running, sources told Reuters.



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