Sunoco continues evaluating offers for its Tulsa, Okla., refinery, and expects to make a decision by the early part of the third quarter, the companys chief financial officer said during a conference call with analysts last Thursday. The refinery includes a 9,500 barrel per day API Group I base oil plant.
We’ve been talking to a number of people, Sunoco CFO Tom Hofmann said. We continue to evaluate the options that we have. Our expectations would be that a decision would be made in the late second or early third quarter, in that time frame. So the process is under way.