Phillips 66 exported 190,000 bpd gasoline, diesel in 3Q-CEO

Reuters

HOUSTON, Oct 30 (Reuters) - Independent refiner Phillips 66 exported 190,000 barrels per day of gasoline and dieselfuel in the third quarter 2013, up from 181,000 bpd in thesecond quarter, Chief Executive Greg Garland told analysts onWednesday.

The company, with seven U.S. coastal refineries, has overallcapacity to export up to 340,000 bpd of refined products, hesaid. The company aims to increase that to 500,000 bpd over thenext several years, he said during the company's third-quarterearnings conference call.

Exports allow Phillips 66 to run its refineries at highrates on export demand when U.S. demand is sluggish, Garlandsaid.

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