Refining Community Logo

Texas City Refinery sale completed by BP

Home Forums Refining Community Refinery News Texas City Refinery sale completed by BP

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 9 years, 10 months ago.

  • Author
  • #1747


    BP has completed the previously announced sale of its Texas City, Texas refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corporation for an estimated $2.4 billion. This comprises approximately $0.6 billion in cash, $1.1 billion for the estimated value of hydrocarbon inventory and an earn-out arrangement payable over six years of $0.7 billion (based on assumed future margins and refinery throughput).

    Read more at:…ailyPetroFebruary42013
    February 1, 2013
    By PennEnergy Editorial Staff

You must be logged in to reply to this topic.

Refining Community