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TRUCKS STOP'S TROUBLES * USA - Flying J California refinery remains closed after 10-day shutdown
Bakersfield, CA,USA -Land Line Magazine by Charlie Morasch-January 12, 2009: -- The Flying J hasn’t reopened its refinery after a planned 10-day shutdown, more bad news for the truck stop giant already plagued with expensive debts to creditors and business partners... The Ogden, Utah-based diesel retailer filed Chapter 11 bankruptcy in late December. In early January, company officials announced that the Flying J-owned Big West refinery in Bakersfield, CA, wouldn’t operate for 10 days for maintenance... At that time, many industry insiders speculated the refinery might not reopen, which could lead to higher gas and diesel prices in California in particular... Among Flying J’s biggest debts are more than $85.8 million to Zion Bank’s retail loan center, more than $69.4 million to Conoco Philips, and nearly $12 million to Shell... Peter Hill, a Flying J spokesman, declined to say whether there was a timeline on reopening its California refinery...
Labels: truck stops
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