The Government accepted bids on all 2.2 million barrels of low-sulfur oil that were offered.
He added that his company could do little more to clean up, because it is already buying low-sulfur oil, as Massachusetts requires.
Texaco's average price for domestic low-sulfur crude oil sold was $17.09 a barrel in the fourth quarter, down from an average of $27.42 in the final three months of 1990.
The new find is Cusiana, a field of 2 billion barrels of low-sulfur oil that officially started pumping June 29.
High-quality, low-sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in the industrialized nations.
The refinery processed low-sulfur oil from Standard Oil's Libyan concession.
Kiraku Mining Industries recycles waste oils into low-sulfur heavy oil that can be reused.
There is easily refined low-sulfur oil, called light sweet crude, outside Usinsk.
Unit 1 & Unit 2 are 800 MW steam electric generating units that use natural gas and low-sulfur residual oil.
Instead, refineries in China and the United States are competing for the more limited pool of low-sulfur oil.
