FTC okays Tesoro purchase of BP refinery

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

Future of Croatian refinery remains uncertain

09/19/2014 Croatia’s Ministry of Economy said it remains to committed to working with Hungary’s state-owned MOL PLC, a subsidiary of MOL Group, Budapest, to p...

PDVSA wraps major maintenance at Puerto La Cruz refinery

09/18/2014 Petroleos de Venezuela SA (PDVSA) has completed major maintenance on the atmospheric distillation unit at its 190,000-b/d Puerto La Cruz refinery i...

WoodMac: China, North America face propylene oversupply

09/17/2014 Oil and gas analyst Wood Mackenzie Ltd. forecasts that global propylene production capacity will increase to 165 million tonnes/year (tpy) by 2030 ...

AFPM launches web site to recruit refining, petchem employees

09/17/2014 The American Fuel & Petrochemical Manufacturers launched a workforce development web site to provide information for anyone seeking a career in...

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