Tesoro Picks up Another Refinery in North Dakota

TesoroTexas-based Tesoro Corporation picks up another oil refinery, this time in southwestern North Dakota.

Headquartered in San Antonio and with more than 6,000 employees, the company acquired the refinery in Dickinson.

The operation started selling fuel last year but lost more than $7 million in the first three months of the year. It was owned by North Dakota-based MDU Resources and Indianapolis-based Calumet Specialty Products Partners. Together, they spent $430 million on the Dakota Prairie Refinery but after losses, MDU bought out Calumet no Monday and then sold it to Tesoro for an undisclosed price.

Tesoro operates six refineries and has operations in 18 states, but none in Oklahoma.

 

 

 

 

 

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