Saturday, May 18, 2013

Tesoro is cleared to buy BP's Carson refinery, Arco stations

Tesoro won U.S. and state clearance to buy BP's Carson refinery, Arco stations and other assets for $2.4 billion. Consumer advocates object.



Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and Chevron Corp.



via L.A. Times - Science http://feeds.latimes.com/~r/latimes/news/science/~3/Lzit7idg84c/la-fi-arco-tesoro-20130518,0,7059493.story

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