Royal Dutch Shell Plc  .com Rotating Header Image

San Antonio Express-News: FTC clears Tesoro to buy refinery, outlets from Royal Dutch Shell

Business Briefs
Web Posted: 03/28/2007 12:56 AM CDT

San Antonio-based refiner Tesoro Corp. on Tuesday got the go-ahead from the Federal Trade Commission to proceed with its $1.63 billion purchase of a refinery near Los Angeles, along with 250 retail stations from Royal Dutch Shell.

Tesoro still must get approval from the California attorney general, Tesoro spokeswoman Natalie Silva said.

Also, as announced earlier, Tesoro will not complete the purchase of the refinery until regular maintenance on the plant is finished, Silva said. Also Tuesday, the FTC gave Tesoro antitrust clearance on its $277 million purchase of 140 USA Petroleum retail stations, most of them in California, along with a terminal in New Mexico. Tesoro announced the Shell and the USA Petroleum deals Jan. 29.When completed, the acquisitions would make Tesoro the second-largest refiner on the West Coast after Chevron Corp. and would give the company its first retail presence in the vast California market.

— From staff and wire reports

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “San Antonio Express-News: FTC clears Tesoro to buy refinery, outlets from Royal Dutch Shell”

Leave a Comment

%d bloggers like this: