Senate Finance hears DNR plan to renew in‑state royalty‑in‑kind oil contract for Kenai refinery DNR told the Senate Finance Committee a revised short-term royalty‑in‑kind contract would preserve supply for the Kenai/Marathon refinery, replace a floating differential with a fixed RIK differential, and must be approved by the legislature by April to meet nomination deadlines; the committee adopted a committee substitute and set the bill aside for future consideration.

The Senate Finance Committee is weighing a vital contract renewal that could secure millions in revenue and jobs for Alaska's Kenai refinery—time is ticking!

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