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The company acquired Corpus Christi Marine Services Company, a small barge company in Corpus Christi, Texas, in April 1981 when it purchased a stake in Saber Energy Inc. of Houston. In May 1985, Valero Refining and Marketing Company was born from Valero's subsidiary, Saber Energy Inc.
Coastal produced and marketed petroleum, natural gas, electricity, and coal.It also sold gasoline at Coastal-branded gas stations. By 1999, Coastal Refining and Marketing operated 962 gas stations in 33 states and was supplied by four refineries, including a 150,000 bbl per day refinery in Corpus Christi, Texas, a 180,000 bbl per day refinery in Eagle Point, New Jersey, a 250,000 barrel per ...
The single remaining refinery in Hawaii now also includes refining assets previously owned and operated as "Hawaii Refinery" by Chevron Corporation with up to 54,000 bbl/d (8,600 m 3 /d) in additional capacity. Chevron sold their Hawaii Refinery to newly formed Island Energy Services LLC in 2016, and IES sold the refining assets to Par Hawaii ...
In 1973, he was President and CEO of Coastal Corporation's subsidiary LoVaca Gathering Company which on December 31, 1979, became the Valero Energy Corporation. [8] [9] He was the founding CEO and Chairman of the Valero Energy Corporation and Group and held those posts until January 2006 and January 2007, respectively. [8]
During the 2000s, Citgo faced several legal actions over the operation of its Corpus Christi, Texas oil refinery. In 2007, it was convicted of a violation of the Clean Air Act for operating an oil-water separator without proper pollution-control equipment. It was found not guilty of a charge of emitting illegal levels of benzene into the ...
Looking to expand its presence, the USD$160 million acquisition of the Sigmor Corporation in July 1982 added 600 more stores to Diamond Shamrock’s portfolio of locations and also as a dividend, it received ownership of the Three Rivers oil refinery located between San Antonio and Corpus Christi, Texas. [7]
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