Northern Tier Energy LP provided an operational update on its Saint Paul Park refinery and provided details relating to its planned third quarter earnings announcement.
Saint Paul Park Refinery Operational Update
All repairs related to the previously announced fire in late September have been completed and both crude towers are fully functional at this time. The cost of the repairs amounted to less than $3 million. Since October 14, the Company's Saint Paul Park Refinery has been operating at a crude oil charge of between 85,000 - 90,000 barrels per day ("bpd"), which is consistent with throughput constraints related to the planned Fluid Catalytic Cracker ("FCC") turnaround currently being performed. Northern Tier Energy expects to complete the FCC turnaround by the end of October, at which point the Company is expected to resume full operations. The Company will provide further detail and fourth quarter throughput guidance on its third quarter earnings call, which will be held on November 12, 2013. Third quarter throughput amounted to approximately 81,000 bpd.