US Tesoro to expand Utah crude oil refinery by 2014

05 December 2011 15:59  [Source: ICIS news]

HOUSTON (ICIS)--US refinery company Tesoro announced on Monday a $180m (€133m) expansion of its Salt Lake City refinery in Utah.

The expansion will increase crude oil throughput capacity by 7%. It also will more than double the refinery’s capacity of transportation-advantaged black wax and yellow wax crude oil to 21m bbl/day.

The project will be complete by 2014, Tesoro said.

Additionally, Tesoro has entered into a crude oil supply agreement with Newfield Exploration Company to provide 18m bbl/day of black wax and yellow wax crude oil beginning in 2013. The agreement is for seven years.

Tesoro did not provide financial details of the deal.

($1 = €0.74)


By: Bobbie Clark
+1 713 525 2653



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