Tuesday, April 3, 2007

UPDATE 1-Ex-Valero CEO Greehey starts new venture with bids

(Reuters) - SAN ANTONIO, April 3 - Former Valero Energy Corp. Chief Executive Bill Greehey said on Tuesday his new venture, NuStar Energy , started its first official day of operation by bidding on two Citgo Petroleum Corp. asphalt plants up for sale.

The aggressive start to NuStar, a spin-off of leading U.S. refiner Valero's petroleum pipeline and terminal operations, will be followed by further acquisitions.


Read more at Reuters.com Mergers News

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