IHS Chemical Week

People & Business :: Energy and Feedstocks

BP sells Texas City refinery to Marathon for $2.5 billion

3:10 PM MDT | October 9, 2012 | Kara Sissell

BP says it plans to sell its Texas City, TX refinery and part of its retail and logistics network to Marathon Petroleum for $2.5 billion. BP in 2011 announced plans to divest the 475,000 bbls/day refinery—which employs about 2,150 staff as well as 1,000-3,000 contractors/day—as part of BP’s effort to realign its refining portfolio. The agreement with Marathon does not include BP’s Texas City petrochemicals complex adjacent to the refinery, but the petrochemicals plant will continue to have long-term commercial arrangements with the Texas...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa