Global Partners gains approval for Oregon air permit, Tesoro faces delay


Global Partners (NYSE:GLP) gained approval yesterday to unload more oil from rail cars at a marine terminal in Oregon, but Tesoro (NYSE:TSO) learned that its plans for a similar project in neighboring Washington will have to wait.

GLP received an air permit from Oregon regulators allowing it to take 120K bbl/day of oil off trains at a terminal on the coast, where it then will go to refineries via the Columbia River.

In Washington, a state energy siting council extended its deadline to March - which a member of the council says is unlikely to be met - to consider a 360K bbl/day terminal proposed by TSO.

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