Giant Experiences Outage at Ciniza Refinery

Business Wire, Oct 6, 2006

SCOTTSDALE, Ariz. -- Giant Industries, Inc. (NYSE: GI) announced today that a pump failure in its alkylation unit at its Ciniza refinery resulted in a fire last evening and Giant temporarily shut down all of the operating units at the refinery. Emergency personnel responded promptly and contained the fire. There were no injuries. Currently, all other units are being restarted and the refinery should be operating at normal levels in a few days. Giant is currently assessing the timing that will be required before the alkylation unit is returned to service.

The Ciniza refinery has a crude oil throughput capacity of 20,800 barrels per day. The refinery is located near Gallup, New Mexico.

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.