UPDATE 7-Outages, floods hit two N.J. refineries; others restart

Tue Oct 30, 2012 8:32pm EDT
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* Phillips 66's 238,000-bpd plant has flooding, power out

* Philadelphia's 330,000-bpd refinery restarting

* Hess 70,000-bpd NJ refinery, Imperial plant suffer outages

* Key NY harbor hub at Linden, NJ, powerless

* Gasoline futures pare losses, turn higher on power glitches

By Janet McGurty

NEW YORK, Oct 30 (Reuters) - Flooding at the second-largest refinery on the U.S. East Coast plus power glitches at two other plants and a key New Jersey terminal hub slowed the recovery in fuel supplies disrupted by Hurricane Sandy.

While the region's biggest plant, in Philadelphia, and several others were ramping up operations after escaping damage, other facilities, pipelines and terminals were struggling to restore the flow of supplies that had slowed to a trickle. Several operators cited power outages around the Linden, New Jersey, hub near the key New York harbor trading area.

Phillips 66 said there was "some flooding in low-lying areas" of its 238,000 barrel-per-day Bayway, New Jersey, plant, which was shut on Monday as a precaution. It did not say when the plant, which had lost external power, might restart.   Continued...