TOSCO TO PURCHASE WASHINGTON STATE REFINERY FROM BP

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

Oct 4th, 1993
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