Tesoro Expanding Crude Oil Capacity in Mandan, North Dakota; $35M Investment
"Coupled with the 2010 acquisition of the Shell-branded wholesale supply contracts, which provide fuel for approximately 300 stations in the region, this expansion reflects Tesoro's commitment to grow our refining and marketing business in the Northern Great Plains," said Tesoro President and CEO Greg Goff. "This allows for further integration opportunities in our operations and capitalizes on the steadily increasing domestic crude supply from the Bakken area."
Tesoro will acquire the additional crude oil from increasing production in the Bakken Shale and Williston Basin areas.
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