BP Plc (BP.L) on Tuesday said it would vigorously defend itself against a federal civil suit by Marathon Petroleum Corp (MPC.N) alleging that it had failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4-billion sales agreement signed in 2012.
"This suit is nothing more than an attempt by Marathon to renegotiate the terms of the Texas City refinery purchase of almost four years ago," Geoff Morrell, BP's senior vice president of U.S. communications and external affairs, said in an emailed statement.
