Tosco Shuts Down Coker Unit at LAR Refinery Due to a Fire

Apr 24, 2001, 01:00 ET from Tosco Corporation

    OLD GREENWICH, Conn., April 24 /PRNewswire Interactive News Release/ --
 Tosco Corporation announced that due to a fire late yesterday, April 23, a
 portion of its Los Angeles Area Refinery (LAR) was shutdown.  There were no
 injuries associated with the fire.
     Tosco's LAR Refinery system is comprised of two locations, Carson and the
 nearby Wilmington plant, which act as one refining system.  Carson processes
 crude oil and Wilmington upgrades feedstock to finished gasoline and other
 products.
     The coker processing unit at Carson has been shutdown.  Other processing
 units at the Carson site have reduced their throughputs but the Wilmington
 site is operating normally and has sufficient feedstock to continue producing
 gasoline and distillates at normal output levels.
     Tosco industrial hygienists and South Coast Air Quality Management
 District have been conducting air monitoring in and around the refinery.
 Initial monitoring did not detect anything that posed a health risk to our
 surrounding community.
 The cause of the fire is currently under investigation and the extent of
 damage and time to repair is presently unknown.
     Tosco Corporation, which currently has over $28 billion in annualized
 revenues, is the largest independent refiner and marketer of petroleum
 products in the United States, and is the nation's largest operator of
 company-controlled convenience stores.
     Tosco's company literature including Press Releases, Annual Reports, Forms
 10-K and 10-Q are available on Tosco's website: http://www.tosco.com.
 
  CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
                PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
 
     Certain statements contained in this news release are "forward-looking
 statements" within the meaning of The Private Securities Litigation Reform Act
 of 1995.  Such statements involve known and unknown risks and uncertainties.
 The words "believe," "expected," "could," "looks forward," and other similar
 expressions identify forward-looking statements.  Important factors (but not
 necessarily the only important factors) that could cause the results to differ
 materially from those expected are: delay in completing a project or projects,
 operational difficulties, varying market conditions, actions of government,
 and other risks noted from time to time in the Company's Securities and
 Exchange Commission and other filings.  The company's forward-looking
 statements are expressed in good faith and believed to have a reasonable
 basis, but there can be no assurance that they will be achieved.
 
      Contact:  Jefferson F. Allen
                Colm T. McDermott
                203-977-1000
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X94544374
 
 

SOURCE Tosco Corporation
    OLD GREENWICH, Conn., April 24 /PRNewswire Interactive News Release/ --
 Tosco Corporation announced that due to a fire late yesterday, April 23, a
 portion of its Los Angeles Area Refinery (LAR) was shutdown.  There were no
 injuries associated with the fire.
     Tosco's LAR Refinery system is comprised of two locations, Carson and the
 nearby Wilmington plant, which act as one refining system.  Carson processes
 crude oil and Wilmington upgrades feedstock to finished gasoline and other
 products.
     The coker processing unit at Carson has been shutdown.  Other processing
 units at the Carson site have reduced their throughputs but the Wilmington
 site is operating normally and has sufficient feedstock to continue producing
 gasoline and distillates at normal output levels.
     Tosco industrial hygienists and South Coast Air Quality Management
 District have been conducting air monitoring in and around the refinery.
 Initial monitoring did not detect anything that posed a health risk to our
 surrounding community.
 The cause of the fire is currently under investigation and the extent of
 damage and time to repair is presently unknown.
     Tosco Corporation, which currently has over $28 billion in annualized
 revenues, is the largest independent refiner and marketer of petroleum
 products in the United States, and is the nation's largest operator of
 company-controlled convenience stores.
     Tosco's company literature including Press Releases, Annual Reports, Forms
 10-K and 10-Q are available on Tosco's website: http://www.tosco.com.
 
  CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
                PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
 
     Certain statements contained in this news release are "forward-looking
 statements" within the meaning of The Private Securities Litigation Reform Act
 of 1995.  Such statements involve known and unknown risks and uncertainties.
 The words "believe," "expected," "could," "looks forward," and other similar
 expressions identify forward-looking statements.  Important factors (but not
 necessarily the only important factors) that could cause the results to differ
 materially from those expected are: delay in completing a project or projects,
 operational difficulties, varying market conditions, actions of government,
 and other risks noted from time to time in the Company's Securities and
 Exchange Commission and other filings.  The company's forward-looking
 statements are expressed in good faith and believed to have a reasonable
 basis, but there can be no assurance that they will be achieved.
 
      Contact:  Jefferson F. Allen
                Colm T. McDermott
                203-977-1000
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X94544374
 
 SOURCE  Tosco Corporation