Company News - Williams selling its Alaska refinery, other assets

Williams Cos. Inc., Tulsa, is selling its Alaskan business interests, including its refinery, in three separate transactions to three companies for a total of $265 million, subject to closing adjustments.Williams is divesting its Alaska operations through the following transactions: Flint Hills Resources LP agreed to buy Williams's 220,000 b/d refinery at North Pole, two petroleum terminals in Anchorage and Fairbanks, and the crude oil and refined products inventories. Flint Hills is a wholly owned subsidiary of Koch Industries Inc., Wichita.Koch Alaska Pipeline Co. LLC, a subsidiary of Koch Pipeline Co. LP, agreed to buy Williams's 3% interest in the TransAlaska Pipeline System.H...

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