BP sells Texas refinery for $2.4bn

Oil giant BP announced it has completed the sale of its Texas City refinery (pictured) for an estimated $2.4 billion (£1.5bn). The 475,000 barrels per day refinery will now be owned by Marathon Petroleum, including an associated co-generation plant, natural gas pipelines and four marketing terminals in the Southeast US. The news follows the firm’s […]

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