We believe that it is a facility unlike any other in the U.S. refining industry or perhaps the world. We expect to see broad interest in this asset.
We believe the markets for refined products have been tight for many months, and perhaps there's been no better time for a sale of an asset like this.
We have signed a letter of intent (to study a sale).
The first option is to see how the market values the refinery.
Current market conditions are very strong, and the refinery is expected to attract a great deal of interest. The lack of refining capacity has further enhanced the value.
We're complying with those requests and believe we have not violated any antitrust laws.
