Sunoco Inc., Philadelphia, Wednesday said it is continuing discussions for the sale of its 49,000 b/d Yabucoa, PR, refinery to an unnamed party.
The company said it has signed a letter of intent to sell its Kendall motor oil brand, customer lists, and other related assets for both the Sunoco and Kendall brand labels to Tosco Corp. The Sunoco trademark is not part of the sale.
In a separate transaction, Lubricating Specialties Co. signed a letter of intent to buy Sunoco's Tulsa, Okla., and Richmond, Calif., lube blending and packaging operations. Closings are expected in the first quarter. Terms were not disclosed.
Sunoco said it is negotiating to sell its Marcus Hook, Pa., lube blending and packaging plant. The company will continue to operate its Tulsa refinery to make the current slate of fuels and lubricant products.
Sunoco is a large independent petroleum refiner-marketer, operating five US refineries with 730,000 b/d of capacity and marketing through 3,600 Sunoco outlets in 17 eastern states. Sunoco sells lubricants and petrochemicals worldwide.