Valero CEO sees 4 refineries sold by end '08

SAN ANTONIO, May 1 (Reuters) - Valero Energy Corp (VLO.N: Quote, Profile, Research) Chief Executive Bill Klesse said on Thursday he expects the company's Aruba, Memphis, Tennessee, Krotz Springs, Louisiana, and Ardmore, Oklahoma, refineries to be sold by the end of 2008.

A decision on a possible sale of the company's Paulsboro, New Jersey, refinery will be made by the fourth quarter of this year, Klesse told reporters following Valero's annual meeting in San Antonio.

Valero's 16 refineries should be back at full production sometime in May, Klesse said, once work finishes at the Aruba and St. Charles, Louisiana, refineries, he said.

Valero, the largest U.S. oil refiner, is building a $100 million wind farm to generate electricity at its McKee refinery in Sunray, Texas, Klesse said. (Reporting by Erwin Seba; Editing by David Gregorio)