Business

August 25, 2014

Coffeyville refinery to restart this week after fire

The oil refinery in Coffeyville has been shut down since late July, as the company made repairs.

The Coffeyville refinery will restart operations this week after a fire shut it down on July 29.

The Coffeyville Resources Refining & Marketing refinery, owned by CVR Refining of Sugar Land, Texas, stopped operations after the fire in its isomerization unit broke out around 12:30 a.m. July 29. The fire was extinguished in less than an hour.

The company declined comment on its operations.

According to Sara Belfry, director of communications for the Kansas Department of Health and Environment, the company notified the state it will restart operations Wednesday.

The company also used the time to make some plant upgrades and other maintenance originally scheduled for 2015, she said.

The fire and shutdown are believed by many analysts to have contributed to the recent decline in the price of oil, particularly the benchmark West Texas Intermediate crude. The Coffeyville refinery bought heavily from oil stored at Cushing, Okla., where the WTI price is set. The refinery is rated at 115,000 barrels per day.

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