Tesoro to buy BHP's Hawaii R&M unit

03/30/1998
Consolidation continues apace in the U.S. refining/marketing sector. Tesoro Petroleum Corp., San Antonio, has agreed to pay $275 million to acquire BHP Petroleum Americas Refining Inc. and related operating assets in Hawaii. A unit of Broken Hill Pty. Co. Ltd., Melbourne, the Hawaiian operations include a 95,000 b/d crude oil refinery about 20 miles west of Honolulu and 32 retail gasoline stations on the islands of Oahu, Maui, and Hawaii. In addition, Tesoro and BHP will enter into a 2-year supply agreement to provide crude oil feedstock for the refinery. Tesoro recently expanded its contract to buy royalty crude from Alaska, where it operates a 72,000 b/d refinery at Kenai....
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