- Tesoro (TSO) agrees to acquire Flint Hills Resources' wholesale marketing and logistics assets, in Anchorage and Fairbanks, Alaska, for an undisclosed sum.
- TSO says the deal includes all FHR wholesale fuel marketing contracts in Alaska, an Anchorage terminal with 580K barrels of total in-service storage capacity, a Fairbanks airport terminal that includes 22.5K barrels of in-service jet fuel storage, and a multi-year agreement at FHR`s North Pole terminal.
- TSO also says the deal will improve its ability to serve customers from its existing Anchorage terminal and extends its ability to efficiently and reliably serve the Alaska interior.