Tesoro Logistics to acquire certain assets from Tesoro for $270M


Tesoro Logistics (TLLP) agrees to acquire three marketing terminals, a storage facility and a refined products pipeline from Tesoro (TSO) for $270M.

The three refined products terminals are adjacent to TSO's refineries at Martinez, Calif., Anacortes, Wash., and Kenai, Alaska, with expected total throughput of 35K-45K bbl/day; the marine crude oil and heavy products storage facility has a capacity of 1.5M barrels and is located adjacent to TSO's Anacortes refinery.

TLLP expects the deal to add $28M to annual EBITDA.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs