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Phillips 66 ups Sweeny crude switching capacity: Update

  • Märkte: Crude oil, Oil products
  • 25.04.25

Adds CEO comment from earnings call

US independent refiner Phillips 66 completed a project in the first quarter that allows it to adjust more of the crude slate at its 265,000 b/d Sweeny refinery in Old Ocean, Texas.

The project will allow the company to switch about 40,000 b/d between heavy and light crude, Phillips 66 said today in an earnings release. The flexibility project was completed during a first quarter turnaround.

Phillips 66 plans to run additional crude from the Permian basin in west Texas and eastern New Mexico through Sweeny, depending on market conditions, chief executive Mark Lashier said on an earnings call. The lighter crude from the Permian will displace imported heavy crude, he said.

Several US refiners are exploring ways to run more lighter crude grades in the wake of new US tariffs and other actions that may limit the supply of heavier and medium grade crudes imported from trading partners.


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