AlHijjah 14, 1433, Oct 30, 2012, SPA -- The second-largest refinery on the U.S. East Coast has suffered “some" flooding and a power outage due to Hurricane Sandy, while two smaller plants also lost power, officials said Tuesday. According to Phillips 66, there was “some flooding in low-lying areas" of its 238,000-barrels-per-day (bpd) Bayway, New Jersey, plant, which was shut Monday as a precaution. The company said the plant is still closed, and utility PSE&G said power will likely be restored in 24 to 48 hours. News of trouble at Bayway, which plays a key role in supplying motor fuel to the New York City area, pared losses in gasoline futures, which have fallen by over 2 percent as output recovered elsewhere. As Sandy moved north, a power outage shut Imperial Oil's 121,000-bpd refinery in Sarnia, Ontario. However, the company said it expects to restart units later Tuesday. Hess's 70,000-bpd Port Reading, New Jersey, refinery, which had shut ahead of the storm, lost power and has no time frame for restarting. Colonial Pipeline, which supplies up to 15 percent of the East Coast's 5.2 million bpd of gasoline, diesel, and fuel demand from Gulf Coast refiners, said its line suffered no operational damage but lost power at its Linden, New Jersey, tank farm. The company said it is bringing in portable generators to resume operations.
