Giant Experiences Fire at Yorktown Refinery

Business Wire, Oct 1, 2006

SCOTTSDALE, Arizona -- Giant Industries, Inc. (NYSE: GI) announced today that a fire occurred at its Yorktown refinery Saturday morning at approximately 10:00 a.m. in the Ultra Low Sulfur Diesel processing unit. Emergency personnel responded promptly and contained the fire to the immediate area. There were no injuries to employees or to Fire and Rescue personnel responding to the incident. The affected unit has been shut down, and the rest of the refinery continues to operate at normal levels.

Giant will be assessing the damage, as well as its impact on ongoing refinery operations, and will make additional information available after the assessment is completed.

The Yorktown refinery has a crude oil throughput capacity of 62,000 barrels per day. The refinery is located in Yorktown, Virginia.

Giant Industries, Inc., headquartered in Scottsdale, Arizona, is a refiner and marketer of petroleum products. Giant owns and operates one Virginia and two New Mexico crude oil refineries, a crude oil gathering pipeline system based in Farmington, New Mexico, which services the New Mexico refineries, finished products distribution terminals in Albuquerque, New Mexico and Flagstaff, Arizona, a fleet of crude oil and finished product truck transports, and a chain of retail service station/convenience stores in New Mexico, Colorado, and Arizona. Giant is also the parent Company of Phoenix Fuel Co., Inc. and Dial Oil Co., both of which are wholesale petroleum products distributors.