Tesoro Corp. has completed its acquisition of marketing and logistics assets in Alaska from Flint Hills Resources. The transaction, which was announced last November, includes a 580,000-barrel terminal in Anchorage and an airport jet fuel storage terminal in Fairbanks. The former Flint Hills North Pole refinery is not part of the deal.
Tesoro said it would offer the assets to its midstream master limited partnership Tesoro Logistics in the near future.
The company has agreed with the state of Alaska to sell 25% of its existing 830,000-barrel product terminal in Anchorage.
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