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Valero says using more credit due to high oil cost

Tue Mar 11, 2008 11:20pm IST
 
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SAN DIEGO, March 11 (Reuters) - Top U.S. refiner Valero Energy Corp. (VLO.N: Quote, Profile, Research) has had to issue more lines of credit due to soaring costs for crude oil, Chief Executive Bill Klesse said Tuesday.

Klesse was talking to reporters at the National Petrochemical and Refiners Association meeting in San Diego.

(Reporting by Rebekah Kebede; Editing by David Gregorio)

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