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Par Petroleum agrees to buy Tesoro refinery

The deal includes Tesoro's distribution network, gas stations and refined products

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Jun 18, 2013

~~<p>Tesoro's Corp.'s 18-month quest to find a buyer for its Kapo&shy;lei oil refinery finally paid off with the company announcing Monday that it will sell the facility and preserve at least 165 jobs that were scheduled to be eliminated.</p>
<p>Tesoro will sell the refinery, along with its distribution network and 31 gas stations, to Houston-based Par Petroleum Corp., a publicly traded company that owns and manages a variety of energy assets in the U.S.</p>
~~

Tesoro's Corp.'s 18-month quest to find a buyer for its Kapo­lei oil refinery finally paid off with the company announcing Monday that it will sell the facility and preserve at least 165 jobs that were scheduled to be eliminated.

Tesoro will sell the refinery, along with its distribution network and 31 gas stations, to Houston-based Par Petroleum Corp., a publicly traded company that owns and manages a variety of energy assets in the U.S. Login for more...



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