CORRECTED: Tesoro Logistics Puts Up $650M For Crude Oil Facilities

Law360, New York (November 20, 2013, 8:02 PM EST) -- Crude-oil logistics company Tesoro Logistics LP has agreed to pay $650 million to acquire the remaining Los Angeles logistics assets from parent Tesoro Corp., including a 100-mile-long crude-oil pipeline system, the companies said Monday.

The companies said the deal includes two marine terminals with expected throughput of 285,000 barrels per day, storage facilities for 2 million barrels of crude oil and a petroleum coke handling storage facility. Also among the assets to be acquired are more than 100 miles of active crude oil and refined products...
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