DICKINSON, N.D. (AP) — The owners of a new oil refinery in western North Dakota plan to operate it at only 75 percent capacity due to continued losses tied to the slumping oil industry.
Bismarck-based MDU Resources Group Inc. says the Dakota Prairie Refinery at Dickinson lost $7.2 million in the first three months of the year, due in part to low demand for diesel fuel.
MDU Resources and Indianapolis-based Calumet Specialty Products Partners spent $430 million on the refinery that began selling fuel a year ago.
The Bismarck Tribune reports Calumet says in its quarterly earnings report that it might divest some of its assets, including the refinery.
