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Enron Mail |
Thanks Gary. Please keep Joe, Dana and I in the loop. mike
Gary Wright 06/08/00 09:54 AM To: Michael Burke/Houston/Eott@Eott, Dana Gibbs/Houston/Eott@Eott cc: Joe Richards/Houston/Eott@Eott Subject: Refinery Holding Compay Extremly Confidential!!!!!! Mike, after you asked me about Refinery Holding Co. entering into negotiations with Chevron to purchase their El Paso Refinery I talked to Paul Foster with RHC this morning. He did indicate that they were in negotiations with Chevron and were a lot further along in the negotiations than he thought they would be at this point. They are so far along that he feels that they will be closed witnin 2 months. Paul and a group of bankers were in El Paso yesterday looking over the assets. I talked to Paul about the crude supply and the operation of the 20" crude line. He said that the volume for both refineries would be 100,000 bpd. Paul feels at this point that he may lease the p/l instead of selling so that he can control the crude quality. He doesn't realize that he would get that anyway since it is a ferc operated system but I'm not going to tell him that. He and I will talk next week about potential crude supply ideas and EOTT operating the p/l system.
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