Tesoro has closed on the previously announced acquisition of Bakken crude oil logistics firm Great Northern Midstream. The transaction includes a 97-mile crude oil pipeline that connects to third-party gathering systems, a 28-mile gathering system and rail loading and storage facilities in Fryberg, North Dakota.
Tesoro said the acquired assets will provide direct access to Bakken crude for its West Coast refineries and will potentially reduce supply costs. Tesoro operates refineries in Anacortes, Washington, and Los Angeles and Martinez, California.
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