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HOUSTON, March 03, 2022 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE:PARR) (“Par Pacific”) recognizes its important role in Hawaii’s energy security. We intentionally diversify our crude oil sources from locations around the globe to enable us to meet the state’s ongoing demand for fuels. However, in light of recent geopolitical events, we have decided to suspend purchases of Russian crude oil for our Hawaii refinery.
The geopolitical landscape and energy markets are dynamic. We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months. In the meantime, we are turning to other grades of crude, principally from North and South America, to meet fuel production requirements. As the geopolitical situation evolves, we will work closely with our customers and partners in state government to make prudent decisions in support of energy assurance for Hawaii.
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