Tesoro (TSO) sells its Long Beach, Calif., marine terminal and Los Angeles short-haul pipelines...

|About: Tesoro Corporation (TSO)|By:, SA News Editor

Tesoro (TSO) sells its Long Beach, Calif., marine terminal and Los Angeles short-haul pipelines to Tesoro Logistics (TLLP) for $210M. The asset sale follows TSO's $2.5B bid to buy BP's 266K bbl/day refinery in Carson, Calif.; TSO plans to combine the Carson plant with its 97K bbl/day Wilmington, Calif., refinery to create a West Coast refining empire.