HOUSTON -- Sunoco Inc. has agreed to sell its Tulsa, Okla., oil refinery to Holly Corp. for $65 million, a price tag that represents a steep decline in asset values amid an industry slump.
Sunoco put the 85,000-barrel-a-day refinery up for sale in 2008 and in December disclosed that it would convert the facility into an oil product terminal if it couldn't find a buyer. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: Sunoco to Sell Refinery to Holly for $65 Million - Wall Street Journal
Sunoco put the 85,000-barrel-a-day refinery up for sale in 2008 and in December disclosed that it would convert the facility into an oil product terminal if it couldn't find a buyer. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: Sunoco to Sell Refinery to Holly for $65 Million - Wall Street Journal
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