MOSCOW (MRC) -- BP's 413 Mbpd Whiting, Indiana refinery returned to normal production by Monday morning for the first time since late July, sources familiar with plant operations said, according to Reuters.
The refinery has been running at reduced production levels since the weekend of July 30-31, when a malfunctioning wastewater plant forced BP to cut production to prevent releasing sediment beyond permitted levels into Lake Michigan.
As MRC informed before, in early 2016, BP PLC sold its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Co. Ltd. (IVL.TH), for an undisclosed sumBP PLC is selling its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Co. Ltd. (IVL.TH), for an undisclosed sum. The divestment is in line with BP’s global petrochemicals strategy of pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology, including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester.
BP has substantially completed its USD10 billion divestment program for the 2014 and 2015 period. The company expects USD3-5 billion of divestments in 2016 and ongoing divestments averaging around USD2-3 billion a year thereafter.
BP is a leading producer of oil and gas and produces enough energy annually to light nearly the entire country for a year. Employing about 17,000 people across the country, BP supports more than 170,000 additional jobs through all of its business activities.
MRC