TSO: Tesoro Petroleum Corp. Message Board

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Gold/Mining/Energy : TSO: Tesoro Petroleum Corp.

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From: Condo	5/30/2007 3:42:11 PM
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Looks like TSO is expanding: While in conversation with an industry source based in the USA, a polymerupdate team member reported that agreements had been signed between Tesoro Corporation and Shell Oil Products US a subsidiary of Shell Oil Co to sell the latter’s Los Angeles refinery, Wilmington products terminal along with some 250 retail stores and supply agreements in California to Tesoro. The transaction is expected to be finalized in mid 2007. polymerupdate.com Tesoro Corp. has closed on its offer for $500 million in senior notes due in 2017, the company said Tuesday. .. The refiner took on the debt in order to fund its purchase of Shell Oil Products US' refinery and 270 gas stations in Los Angeles. sanantonio.bizjournals.com

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