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San Antonio Refiners (VLO/TSO/AGE) win $831MM Defense Fuel Contracts

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    basil parmesan
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    San Antonio oil refiners win $831 million worth of defense contracts

    San Antonio Business Journal   Wednesday, March 25, 2009, 10:55am CDT
    Three San Antonio refinery companies have been awarded major contracts to supply fuel to the Department of Defense.
    Valero Marketing & Supply Co., a subsidiary of Valero Energy Corp. (NYSE: VLO), has been awarded a $540.3 million fuel contract with the Defense Energy Support Center in Fort Belvoir, Va.
    AGE Refining Inc. has been awarded a $186.7 million fuel contract with the Defense Energy Support Center. The company’s refinery is located in South Side San Antonio.
    Tesoro Refining and Marketing Co., a subsidiary of Tesoro Corp. (NYSE: TSO), has been awarded a $104.3 million fuel contract.
    Each company will supply a range of petroleum products for the military between now and April 30, 2010.
    The Defense Energy Support Center coordinates all bulk fuel purchases for the U.S. military. The center is part of the Defense Logistics Agency.
     

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