Friday, June 14, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, March 3, 2022
Hawaii's Only Refiner Suspends Purchases of Russian Oil
By News Release @ 4:40 PM :: 1659 Views :: Energy

Par Pacific to Suspend Purchases of Russian Crude Oil

News Release from Par Pacific Holdings, Inc., March 03, 2022

HOUSTON, March 03, 2022 -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) recognizes its important role in Hawaii’s energy security.  We intentionally diversify our crude oil sources from locations around the globe to enable us to meet the state's ongoing demand for fuels.  However, in light of recent geopolitical events, we have decided to suspend purchases of Russian crude oil for our Hawaii refinery.

The geopolitical landscape and energy markets are dynamic.  We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months.  In the meantime, we are turning to other grades of crude, principally from North and South America, to meet fuel production requirements.  As the geopolitical situation evolves, we will work closely with our customers and partners in state government to make prudent decisions in support of energy assurance for Hawaii.

About Par Pacific

Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading energy, infrastructure, and retail businesses. Par Pacific’s strategy is to acquire and develop businesses in logistically complex, niche markets. Par Pacific owns and operates one of the largest energy networks in Hawaii with 94,000 bpd of operating refining capacity, a logistics system supplying the major islands of the state and 90 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 60,000 bpd of combined refining capacity, related multimodal logistics systems, and 29 retail locations.  Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado. More information is available at www.parpacific.com.  

---30--- 

GRIH: Hawaii Needs Jones Act Waiver for Fuel Imports  

WSJ: Jonesing to Give Up Russian Oil 

F: Mainland America doesn’t rely heavily on Russian oil, but Hawaii does

WE: Foreign countries, including Russia, benefit from WWI-era Jones Act

HNN: “Even though oil from Texas might be cheaper than oil from Russia, shipping it to Hawaii aboard Jones Act carriers makes it far more expensive,” Grassroot Institute of Hawaii president Kelii Akina said.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii