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Tesoro delays refinery integration

Published by
Hydrocarbon Engineering,

The independent refiner, Tesoro Corp, has pushed back the completion of the planned integration of its California refineries to mid 2017 from earlier that year, according to a new company presentation.

The projected cost of the project, that has been outlined to combine all of the Los Angeles area refineries, is US$460 million, an estimated increase from its previously stated range of
US$400 million - US$425 million.

The company also said it expected a US$200 million railport project in Washington state to be finished in late 2017. The project to move up to 360 000 bpd via rail to the Port of Vancouver would be the biggest oil by rail project in the US.

Sources: Reuters, Channel News Asia

EditedĀ from various sources by Francesca Brindle

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