Tuesday, August 18, 2009

Valero wins $230 million military fuel contract

Valero wins $230 million military fuel contract
San Antonio Business Journal
Wednesday, August 12, 2009

A Valero Energy Corp. subsidiary won a $230.5 million fuel supply contract with the Defense Energy Support Center.

The company, Valero Marketing and Supply Co., will provide the U.S. military with aviation fuel. Valero will ship the fuel from its 170,000 barrel-per-day refinery in Benicia, Calif.

Valero will furnish aviation fuel to the military between now and Oct. 30, 2010.

San Antonio-based Valero (NYSE: VLO) is an oil refining and marketing company with a throughput capacity of 3.1 million barrels per day.