Economic Calendar

Monday, October 13, 2008

GS Caltex to Restart Fire-Hit Crude-Oil Refining Unit Tomorrow

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By Shinhye Kang

Oct. 13 (Bloomberg) -- GS Caltex Corp., South Korea's second-largest refiner, plans to resume operations at its No.2 crude distillation unit tomorrow after shutting it because of a fire, a company official said.

GS Caltex will conduct more safety checks before restarting the unit, which can process 130,000 barrels of oil a day, said the official, who asked not to be named because of company rules.

A blaze broke out at the plant at about 11:40 p.m. local time yesterday, he said. The fire was extinguished in 10 minutes and there were no casualties.

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net.


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