Marathon Oil begins Detroit refinery upgradeJune 20, 2008 10:52 AM ET advertisement
Article tools E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleMarathon Oil Corp (MRO) Stock Quote, Chart, News, Add to WatchlistRelated newsConstruction Begins on Marathon's Detroit Refinery Upgrade ProjectAshland, Marathon owe $14M in taxes for 2005 saleAshland reports new income taxesSector wrap: Refining stocks fall as oil risesLinda A. Capuano, PhD, to Join Marathon Oil Company as Vice President, Emerging Technology
All Associated Press newsHOUSTON (AP) - Marathon Oil Corp. said Friday it has begun work to add capacity to its Detroit refinery after receiving approval from state authorities.
The $1.9 billion project will boost the facility's capacity to 115,000 barrels per day, up from 102,000 barrels before, including the ability to refine 80,000 barrels per day of heavy oil.
The project, slated for completion in late 2010, will employ 800 construction workers and eventually add 135 jobs at the refinery.
Marathon estimates the work will bring 400,000 additional gallons of fuel to market per day.
Marathon shares fell 30 cents to $51.84 in morning trading.
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