BP Plc's upgraded 405,000 barrel per day (bpd) Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable.Problems with construction of a coking unit as part of the $4-billion revamp of the refinery were reported by Reuters in September.The company said the project "remains on track to commission the remaining new units associated with the investment by the end of the fourth quarter," but added: "We will progressively introduce heavy feedstock once the coker is operational during the fourth quarter, and expect to achieve full run-rate capacity during the first quarter of 2014."BP said the 100,000 bpd coker unit, crucial for a refinery wanting to process cheaper and heavier Canadian crude, will come on stream in November.
BP p.l.c. (BP) is an integrated oil and gas company. Shares of BP traded higher by 5.15% or $2.25/share to $45.97. In the past year, the shares have traded as low as $39.58 and as high as $45.45. On average, 4911560 shares of BP exchange hands on a given day and today's volume is recorded at 14336009.
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