Par Petroleum buys Tesoro Hawaii LLCUPDATED 10:31 AM HST Sep 26, 2013Video Transcript
Par Petroleum has completed its purchase of Tesoro Hawaii L-L-C -- for close to 400-million dollars. Tesoro Hawaii will be renamed Hawaii Independent Energy. The acquired assets include a 94-thousand barrel-per-day refinery in Kapolei, storage for more than 2 million barrels of crude oil, and 2 and a half million barrels of refined products and other related assets. The company will also have the rights to sell gas through 31 Tesoro-branded retail stations in Hawaii.