FTC okays Tesoro purchase of BP refinery

HOUSTON, May 17

The US Federal Trade Commission has approved acquisition by Tesoro Corp. of BP PLC’s refining and marketing business in southern California.

The deal includes BP’s 266,000-b/d Carson refinery adjacent to Tesoro’s 97,000-b/d Wilmington refinery south of Los Angeles and about 800 dealer-operated retail stations in southern California, Nevada, and Arizona (OGJ Online, Aug. 13, 2012).

The purchase price is $1.075 billion, plus the market value of inventory, now estimated at $1.3 billion.

Tesoro plans to integrate the Carson and Wilmington refineries.

Related Articles

Pemex lets contracts for two refineries

04/29/2014 Pemex Refining, a division of Mexico’s Petroleos Mexicanos, has let contracts to a joint venture of Foster Wheeler and partner Altair Strickland LL...

Takreer lets contract for Ruwais refining complex

04/28/2014 Abu Dhabi Oil Refinery Co. (Takreer), through a contractor, has let a contract to Metso Corp. to supply valve technology to its 350,000-b/d Ruwais ...

Neste inks contract for hydrogen supply at Porvoo refinery

04/28/2014

Neste Oil Corp. has let a contract to Linde Group, Munich, for long-term hydrogen supply at the 205,000-b/d Porvoo, Finland, refinery.

Marathon proposes expansion at Garyville refinery

04/24/2014 Marathon Petroleum Corp. is taking the next step toward construction of a proposed $2.2-2.5 billion upgrade to its 522,000-b/d Garyville, La., refi...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected