Delta closes on deal for Philly-area refinery

Oil   Oil
By Patrick Walters on June 25, 2012

PHILADELPHIA (AP) — A Delta Air Lines subsidiary closed Friday on a deal to purchase a suburban Philadelphia oil refinery and plans to resume fuel production in the fall, a move the airline hopes can cut its jet fuel bill by $300 million a year.

The company closed on the $180 million purchase of the refinery in Trainer and a union official said workers are expected to start returning and getting the plant ready next week.

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Delta Air Lines
jet fuel
Denis Stephano
ConocoPhillips
Monroe Energy LLC
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