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BP in talks to sell Texas refinery to Marathon

A link from Telegraph

Talks have been underway for months to sell BP’s Texas City refinery to Marathon Petroleum Corp., according to unidentified sources. The plant’s sale could bring BP up to $2.5bn (£1.5bn). On August 13 BP announced it would sell the 240,000 bpd Carson refinery and related assets for $2.5 billion, pending regulatory approval.

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