In Texas, Tesoro filed documents with the Securities and Exchange Commission (SEC) giving further detail on its plan to spin off pipeline and terminal properties into a Master Limited Partnership. The move should help Tesoro monetize some of its logistics assets and sets up a couple of pathways to future growth.
Tesoro intends to add ethanol blending capabilities to its cites in Salt Lake City, Utah, and Boise and Burley, Idaho. It is considering a project to provide transmix unloading and jet fuel loading services at the Los Angeles terminal.
More background on the story from the Digest
Category: Producer News