Current market conditions are very strong, and the refinery is expected to attract a great deal of interest. The lack of refining capacity has further enhanced the value. |
The first option is to see how the market values the refinery. |
We believe that it is a facility unlike any other in the U.S. refining industry or perhaps the world. We expect to see broad interest in this asset. |
We believe the markets for refined products have been tight for many months, and perhaps there's been no better time for a sale of an asset like this. |
We have signed a letter of intent (to study a sale). |
We're complying with those requests and believe we have not violated any antitrust laws. |