Tesoro expands Alaskan marketing, logistics

Tesoro Corp. has agreed to acquire wholesale marketing and logistics properties of Flint Hills Resources in Anchorage and Fairbanks, Alas. The companies didn’t report terms.

Tesoro Corp. has agreed to acquire wholesale marketing and logistics properties of Flint Hills Resources in Anchorage and Fairbanks, Alas. The companies didn’t report terms.

The acquisition covers all Flint Hills fuel-marketing contracts in Alaska, a Fairbanks airport terminal with 22,500 bbl of jet fuel storage and truck rack, and a multiyear terminal-services agreement at the Flint Hills North Pole terminal on the site of a refinery outside Fairbanks that the company closed last year.

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