TOSCO TO PURCHASE WASHINGTON STATE REFINERY FROM BP

10/04/1993
Tosco Corp., Stamford, Conn., is expanding its refining operations on the U.S. West Coast. The Stamford, Conn., company agreed to buy BP Oil Co.'s 85,000 b/d Ferndale, Wash., refinery in a trade that could be valued at $325 million. Tosco also owns a 145,000 b/cd refinery at Martinez, Calif., where it has started up a project to produce low sulfur, low aromatics diesel fuel that meets California specifications. The project, which involved an outlay of more than $30 million, will produce about 25,000 b/d of the higher valued fuel (OGJ, Sept. 13, p. 33). The new purchase agreement also covers BP's Pacific Northwes...
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