Williams to sell Memphis refinery to Premcor for $465 millionAnalyst says since other Alaska refinery is smaller, company probably won’t be able to get $1 billion it wanted for refineries assets Clayton Bellamy Associated Press Business Writer
Williams Cos., which is selling assets to improve its finances, has agreed to sell its Tennessee refinery and petroleum inventories to Premcor Inc. for about $465 million cash, the companies said Nov. 26.
Oil refiner Premcor will pay Williams $315 million for the Memphis refinery and related assets....
[additional news subjects in this story]
Sale expected to close March 31 Price called disappointing
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 09/29/2019)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 