Oil refiner CVR Energy continues to explore strategic transactions, CEO says

CVR Energy

30/07/2024 18:26

HOUSTON, July 30 (Reuters) - The chief executive of U.S.
oil refiner CVR Energy on Tuesday said the Sugar Land, Texas,
company is exploring strategic transactions in refining. 
    The Carl Icahn-controlled company has placed a bid in the
U.S. court-auction of a Citgo Petroleum parent that is expected
to lead to new ownership of the seventh-largest U.S. refiner by
volume, Reuters has reported 
    "Diversification from or in addition to mid-con
(mid-continent) oil refining market would be a good thing for
CVR Energy, CEO David Lamp said on an conference call with Wall
Street analysts.  

 (Reporting by Gary McWilliams)
 ((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))