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Oil Baron O'Malley Eyes Valero Plant for U.S. Return

The last time refining maverick Tom O'Malley bought the oil refinery in Delaware City, Delaware, he doubled his money in two years.

Now he may be vying to do it again.

An investment group led by O'Malley is in talks with Valero Energy Corp, the top independent U.S. refiner, to buy the assets of the shuttered 210,000-barrel-per-day Delaware City refinery.

Source: Reuters

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