May 14 (Reuters) - Carl Icahn-controlled oil refiner CVR
Energy ( CVI ) on Tuesday said second quarter petroleum
throughout would fall about 8% in the wake of an April 28 fire
at its Wynnewood, Oklahoma, refinery.
Total throughout this quarter will be between 170,000 and
190,000 barrels per day (bpd), down about 8% at the midpoint
compared to 196,000 in the first quarter. Capital expenses for
petroleum operations will range between $35 million and $50
million, from $42 million in the first quarter, it said in a
statement.
Fire damages at the 74,500 bpd facility were confined to
pipe racks and pumps in the area of the naphtha processing units
that impacted service to other units. One crude unit, the fluid
catalytic cracker, and the alkylation unit have been restarted
and a reformer is in the process of starting up, it said.
CVR expects operations to return to normal by the end of
June with the fire not currently expected to have a material
impact on operations, the company said.
Shares were 1.2% higher at $28.89 on Tuesday.