Phillips 66 granted about 20% of Jones Act waivers, VP Mandell says
PSX•Phillips 66 says it received about 20% of Jones Act waivers
HOUSTON, Aug 5 (Reuters) - Independent U.S. refiner Phillips 66 PSX.N has been granted about 20% of Jones Act waivers issued by the federal government to increase domestic transport of refined products and crude oil during the Iran war, Brian Mandell, executive vice president of marketing and commercial, said during a Wednesday conference call with Wall Street analysts.
A Jones Act waiver lifts requirements to send fuel on U.S.-crewed, U.S.-owned tanker ships between U.S. ports.
