United Refining Company

United Refining Company

Infobox Company
company_name = United Refining Company
company_
company_type = Private
foundation = 1902
location = Warren, Pennsylvania flagicon|USA
locations =
key_people = John Catsimatidis (CEO)
area_served = Ohio, Pennsylvania,
& New York
industry = Oil and Natural Gas
products = Petroleum and derived products
revenue = $2,405,063,000cite press release|title=United Refining Company Reports|publisher=United Refining Company|date=2007-11-29|format=pdf|accessdate=2008-01-26|url= http://www.urc.com/pdfs/media_center/press_release_112707.pdf] (2007) decrease 1.3% from 2006
operating_income = $170,293,000 (2007) increase 28.9% from 2006
net_income = $85,706,000 (2007) increase 33.9% from 2006
num_employees = 4,387
parent =
divisions =
subsid = Kwik Fill
Country Fair, Inc.
slogan =
homepage = [http://www.urc.com www.urc.com]
footnotes =
intl =

The United Refining Company is an oil company in Warren, Pennsylvania. The company operates an oil refinery in Warren that can process 70,000 barrels of oil into gasoline, diesel fuel and other petroleum distillates per day. [cite news| last=Carroll| first= Jim| title="United Refining" hikes capacity| publisher=Erie Times-News| date=2007-05-10] It distributes gasoline under the Kwik Fill, Citgo, and Keystone brands.

History

The United Refining Company was founded in 1902 by Harry Logan, Sr. Harry Logan, Jr. succeeded his father as president and chairman of the United Refining in 1957. In 1981, John Catsimatidis acquired United Refining as a subsidairy of his Red Apple Group.

The refinery was expanded from convert|60000|oilbbl/d|m3/d to convert|65000|oilbbl/d|m3/d in 1982. It was expanded again to have a processing capacity of convert|70000|oilbbl/d|m3/d in 2007.

Citgo

United Refining acquired the brand name of Citgo, when in 2002 it bought a local gas station and convenience store chain called Country Fair, Inc. in Erie, Pennsylvania. [cite news| last=Martin| first=Jim| title=Warren, Pa.-Based "United Refining" Buys Convenience Store Chain Country Fair| publisher=Erie Times-News| date=2002-01-01] Country Fair has a license agreement with Citgo to use "Citgo's brands, trademarks and other forms of identification."After Venezuelan President Hugo Chávez's speech to the United Nations, there were calls to boycott the Citgo brand.cite news| last=Carroll| first=Jim| date=2006-10-11| title=Comments spark call for Citgo boycott| publisher=Erie Times-News] United Refining officials watched to see if the brand became "too hot to handle" and drop the brand name even though United Refinery's crude oil comes from Canada. United Refining also removed some Citgo signs from gas stations they were operating in upstate New York and Pennsylvania due to the potential threat of a boycott on Citgo. [cite web| author=WSTM-TV| publisher=Associated Press| title=Citgo signs coming down in response to Venezuelan leader's remarks |accessdate=2007-07-18| url=http://www.wstm.com/Global/story.asp?S=5658105&nav=2aKD]

Alternate Energy

United Refining is looking for sources of ethanol to blend with gasoline in accordance with the Energy Policy Act to save $20 million in taxes in gasoline excise taxes. [cite news| last=Bartlett| first=John| date=2005-08-09| publisher=Erie Times-News| title=Ethanol panel has customer]

References

External links

* [http://www.urc.com United Refining Co. website]


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