CVR Energy Subsidiary Signs Crude Supply Pact With Vitol
refiner Coffeyville Resources Refining & Marketing, LLC, a subsidiary of CVR
Energy, Inc. (NYSE: CVI), announced today that it has signed a two-year crude
oil supply agreement with Vitol Inc. Specific terms of the agreement, which
becomes effective
(Logo: http://www.newscom.com/cgi-bin/prnh/20071203/CVRLOGO)
Founded in 1966, the Vitol Group is one of the world’s largest physical
oil and commodities trading companies. The Vitol group of companies operates
from six major offices, including one in
oil terminals and energy related assets worldwide.
Under the agreement, Vitol will provide crude oil supply and logistics
intermediation on behalf of Coffeyville Resources Refining & Marketing through
a term ending
agreement.
“Vitol’s proposal is very competitive both from a cost and operational
standpoint,” said
executive officer. “We are very pleased with the capabilities and experience
the Vitol team brings to this deal. We look forward to a long standing
productive relationship with Vitol.”
The Vitol agreement replaces an oil supply agreement with J. Aron &
Company, which will expire on
Marketing entertained several proposals before selecting Vitol.
About CVR Energy, Inc.
Headquartered in
affiliated businesses include an independent refiner that operates a 115,000
barrel per day refinery in
transportation fuels supplied to customers through tanker trucks and pipeline
terminals; a crude oil gathering system serving central
terminal business in
an ammonia and urea ammonium nitrate fertilizer business located in
For further information, please contact:
Investor Relations: Media Relations:
Stirling Pack, Jr. Steve Eames
CVR Energy, Inc. CVR Energy, Inc.
281-207-3464 281-207-3550
InvestorRelations@CVREnergy.com MediaRelations@CVREnergy.com
SOURCE CVR Energy, Inc.
