ExxonMobil and Ultramar Diamond Shamrock Sign Crude-Oil Exchange Agreement.Business Editors and Energy Writers SAN ANTONIO--(BUSINESS WIRE)--June 5, 2000 Ultramar Diamond Shamrock (NYSE NYSE See: New York Stock Exchange :UDS UDS Ustedes (Spanish: Formal Plural You) UDS Uniform Data System UDS Unscheduled DNA (Deoxyribonucleic Acid) Synthesis UDS Unix Domain Socket UDS Urodynamics ) today announced an exchange agreement with Mobil Oil Corporation, a subsidiary of ExxonMobil Corporation, to source domestic and foreign crude oils from Midland and Nederland, Texas Nederland is a city in Jefferson County, Texas, United States. The population was 17,422 at the 2000 census. The city has within its corporate limits the Southeast Texas Regional Airport, which serves the nearby cities of Beaumont and Port Arthur. , for delivery to the company's McKee, Texas, and Ardmore, Okla., refineries. The multi-year, 50,000 barrel per day (bpd) exchange significantly enhances crude delivery to the two refineries and provides the flexibility to optimize between domestic and foreign crude oils. The 165,000 bpd McKee facility, located 60 miles north of Amarillo, Texas, currently runs domestically produced low sulfur (WTI WTI West Texas Intermediate WTI Western Transportation Institute (Montana State University) WTI World Tribunal on Iraq WTI With The Idea (used in chess to point to the idea behind a specific move) ) crude oils while the 85,000 bpd Ardmore facility runs high sulfur West Texas and Oklahoma (WTS See Windows Terminal Server. ) crude oils. "This agreement gives us the flexibility to ensure that we can deliver lower cost crude oils, enhancing the competitiveness of these two refineries. With the tankage tankage made from heat-digested animal abattoir residues without gut contents, hide, horn, hoof. Concentrated and dried and possessing a high biological value protein content of 60%. See also meat meal. we are currently building, UDS now has the opportunity to enter term contracts with foreign producers for our inland refineries," said Jean Gaulin, UDS chairman and chief executive officer. "UDS has a long and mutually beneficial relationship with ExxonMobil, and with this agreement we further our relationship." Ultramar Diamond Shamrock Corp. (NYSE:UDS), with about $14.0 billion in annual revenues and more than 21,000 employees, is one of the largest independent refining and marketing companies in North America. The company operates six refineries in the United States and Canada with a total throughput capacity of 649,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. and has over 5,000 branded retail gasoline/convenience merchandise stores, the majority of which are branded Diamond Shamrock, Ultramar, Beacon or Total. The corporation also has growing petrochemicals and home heating oil businesses. Please visit our Web site at http://www.udscorp.com for more information including annual reports, press releases, SEC forms 10-K and 10-Q, and audio archives of recent conference calls. |
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