Coffeyville Resources Provides Refinery Restart Status

COFFEYVILLE, Kan. (July 18, 2007)

Coffeyville Resources announced today that operations are expected to resume by mid-September at its refinery that was closed earlier this month by record flooding from the nearby Verdigris River.

 

During the weekend of June 30-July 1, heavy rains caused the Verdigris River to overflow its banks, top protective levees and flood the town of Coffeyville, including the Coffeyville Resources refinery and nitrogen fertilizer operations. 

“We are fortunate that our preliminary assessment indicates there was no major damage to our large, engineered equipment and processing units,” said Keith Osborn, executive vice president and refinery general manager.  “However, we had damage to a large number of pumps, motors and control equipment, which taken together require extensive repairs.” 

Coffeyville Resources employees supplemented by nearly 1,000 contract workers are on site repairing and replacing equipment damaged by the flood.Meanwhile, Coffeyville Resources Nitrogen Fertilizers this past weekend successfully restarted its facility. The fertilizer plant is adjacent to the refinery but situated on slightly higher ground and therefore sustained less flood damage. The nitrogen fertilizer plant is expected to begin shipping product to its customers later today.“Our gratitude goes out to all our employees, contractors and vendors working together to safely bring our operations back to normal,” said Coffeyville Resources Chief Executive Officer Jack Lipinski.  “This kind of teamwork, as well as the strong backing we have received from our business partners, customers and our sponsors, is invaluable.”

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