Par Petroleum purchases Tesoro Hawaii
Par Petroleum has completed its purchase of Tesoro Hawaii LLC for about $400 million, according to a press release.
Tesoro Hawaii will be renamed Hawaii Independent Energy.
The acquired assets include a 94,000 barrel-a-day refinery in Kapolei, storage for more than 2 million barrels of crude oil and 2-and-a-half million barrels of refined products and other related assets.
The company will also have the rights to sell gas through 31 Tesoro-branded retail stations in Hawaii.
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