BP looking to sell Texas City, Carson refineries

02/07/2011
Paula DittrickSenior Staff WriterBP PLC is seeking buyers for its Texas City, Tex., refinery and the Carson, Calif., refinery near Los Angeles, as part of a strategy in which BP plans to reshape its downstream business, slashing its US refining capacity in half.The US remains an important market for BP fuels, said Iain Conn, BP chief executive refining and marketing, adding that BP plans to focus its future downstream investment on other US refining and marketing networks.Conn told reporters on Feb. 1 that he expects the sale of the two refineries could bring more than $3.7 billion total. BP expects to complete the anticipated sales of the Carson and Texas City refineries by the end of 20...
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