<Here is recap of 1Q2011 Refinery Mergers & Sales. Most of the individual articles have already posted on coking.com under Refinery or Coker news sections.>
PBF Announces the Completion of the Acquisition of the Toledo Refinery and Related Assets
PARSIPPANY, N.J.–(BUSINESS WIRE)–PBF Energy Company LLC today announced that its subsidiary, Toledo Refining Company LLC, has completed its purchase of the Toledo Refinery in Ohio from Sunoco, Inc. (R&M). The Toledo Refinery is a 170,000 barrel per day refinery with a Nelson complexity rating of 9.2. The purchase price is $400 million, subject to certain adjustments. The purchase price is … Business Wire – Mar 01 04:05am
Essar Energy to buy Shell’s British refinery for $350 m
London-listed Essar Energy has signed an exclusivity agreement to buy Royal Dutch Shell’s British refinery, Stanlow for $350 million (219 million). The Hindu – Feb 22 03:43pm
Holly and Frontier Oil to join in nearly $3B deal
Holly and Frontier Oil to join in nearly $3B deal The Associated Press Updated Feb 22, 2011 07:48AM MDT Refinery operators Holly Corp. and Frontier Oil Corp. are combining in an all-stock deal valued at nearly $3 billion. Both companies said Tuesday that the deal will create the most profitable independent U.S. refiner on a per barrel basis. The new company will have a refining capacity of more …The Salt Lake Tribune – Feb 22 06:50am
Pan Am agrees buy Exxon Argentina Refinery –Buenos Aires has agreed buy an oil refinery & 45 stations from Esso, Argentine unit of Exxon for $800. Reuters – Feb 15