Ky. Oil Refinery to Start Production Again

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Production is scheduled to restart this fall at a central Kentucky oil refinery that has spent much of the last few years offline because of a management dispute and bankruptcy.

New York entrepreneur Demetrios Haseotes bought Continental Refining Co. in Somerset in December. Haseotes told the Lexington Herald-Leader that only the flare system used to burn off excess gases had to be replaced.

The plant opened in the 1930s as a market for crude oil producers in Kentucky and Tennessee. It went into bankruptcy in 2007. Haseotes recently announced a deal for Sunoco to supply crude oil to the plant.

The refinery is one of only two in Kentucky can process 5,500 barrels of oil a day. Marathon Petroleum Corp. operates the other facility at Catlettsburg.

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