Tesoro Logistics (TLLP) agrees to acquire Chevron's (CVX) Northwest Products pipeline system for...

|About: Tesoro Logistics LP (TLLP)|By:, SA News Editor

Tesoro Logistics (TLLP) agrees to acquire Chevron's (CVX) Northwest Products pipeline system for $400M. The pipeline receives product from five refineries and one pipeline in the Salt Lake City, Utah, area and is the primary transportation option to several other northwest U.S. areas. System delivery volumes averaged ~84K bbl/day in 2011.