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BP logo is seen at a fuel station of British oil company BP in St...Refiner Tesoro Corp. has received formal approval from antitrust regulators to buy a BP Plc refinery in southern California for more than $2 billion without requiring any asset sales.
In a story Aug. 13 about a BP deal to sell its refinery in California to Tesoro Corp, The Associated Press incorrectly detailed the capacity of the Carson refinery. The correct capacity is 266,000 barrels per day, not 266 million. <
After reports Saturday that the popular retail network of gas stations was leaving Southern California, a company spokesman said the chain will likely remain a local stalwart, albeit under a new owner. Oil giant BP, which owns Arco, does plan to sell
Oil giant BP will begin pulling out of Southern California next month as it steps up efforts to sell its sprawling Carson refinery and local Arco gasoline operations and lets leases expire on franchised Arco stations. BP has told about 100 station