Tuesday, May 1, 2012

Delta Airlines to Buy COP Refinery; Eventually Bakken Oil to the Refinery

On CNBC this a.m.

Data points from Delta CEO:

  • Delta Airlines to buy COP refinery outside Philadelphia for $150 million
  • State subsidizes to tune of $30 million
  • 3-year contract with BP to provide oil
  • Eventually Bakken to provide oil for the refinery

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