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Sunoco, Carlyle Avert Pa. Refinery Shutdown With JV Deal

By Kelly Rizzetta (July 2, 2012, 7:29 PM EDT) -- Sunoco Inc. and The Carlyle Group LP have put together a joint venture to save the oldest continuously operating oil refinery on the East Coast, providing the struggling Philadelphia facility with private cash and public funds for infrastructure upgrades, the parties announced Monday....

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