Advertisement
Singapore markets closed

  • Straits Times Index

    3,415.51
    +47.61 (+1.41%)
     

  • S&P 500

    5,509.01
    +33.92 (+0.62%)
     

  • Dow

    39,331.85
    +162.33 (+0.41%)
     

  • Nasdaq

    18,028.76
    +149.46 (+0.84%)
     

  • Bitcoin USD

    59,670.07
    -3,124.77 (-4.98%)
     

  • CMC Crypto 200

    1,288.71
    -46.21 (-3.46%)
     

  • FTSE 100

    8,162.89
    +41.69 (+0.51%)
     

  • Gold

    2,359.80
    +26.40 (+1.13%)
     

  • Crude Oil

    83.09
    +0.28 (+0.34%)
     

  • 10-Yr Bond

    4.4080
    -0.0280 (-0.63%)
     

  • Nikkei

    40,580.76
    +506.07 (+1.26%)
     

  • Hang Seng

    17,978.57
    +209.43 (+1.18%)
     

  • FTSE Bursa Malaysia

    1,615.32
    +17.36 (+1.09%)
     

  • Jakarta Composite Index

    7,196.75
    +71.61 (+1.01%)
     

  • PSE Index

    6,450.03
    +91.07 (+1.43%)
     

UPDATE 2-Cenovus Energy to invest $1.5 billion in Ohio refineries over next 5 years

Reuters
Updated ·1-min read

(Changes sourcing, adds quote in paragraph 2)

April 11 (Reuters) -

Cenovus Energy on Thursday said it plans to invest $1.5 billion in its Ohio refineries over the coming five years, including Lima and Oregon.

The investment in Ohio refineries include maintenance, reliability measures and market access projects, the company said.

Cenovus produces oil and natural gas with locations in Canada, the United States and the Asia Pacific region and is the largest refiner in the state of Ohio where it employs almost 1,200.

Cenovus' Toledo refinery in Oregon, Ohio has a processing capacity of up to 160,000 barrels per day (bpd), according to the company's website. The Lima refinery has a refining capacity of 183,000 bpd, per the U.S. Energy Information Administration. (Reporting by Sherin Elizabeth Varghese and Anjana Anil in Bengaluru; editing by Jason Neely and Chizu Nomiyama and Franklin Paul)