FTC seeks comment on Tesoro bid to sell Boise terminal

Boise - The Idaho StatesmanJanuary 7, 2014 

The Federal Trade Commission is seeking public comment on Tesoro Corp's bid to sell a Boise petroleum terminal and related properties to Sinclair Transportation Co.

In August, the FTC ordered Tesoro to divest itself of the terminal as part of an agreement allowing Tesoro Corp. and Tesoro Logistics Operations LLC to complete a $355 million purchase from Chevron Corp. Tesoro acquired one of Boise's three petroleum terminals in the deal, as well as Chevron's 760-mile Northwest Products Pipeline, which carries gasoline, diesel, jet fuel and other products from refineries in the Salt Lake City area through southern Idaho and north to Spokane, Wash.

Tesoro already owned one of the three Boise terminals. The FTC determined that Tesoro's control of two Boise terminals would create a competitive imbalance that could drive up petroleum prices in the region.

Terms of the Tesoro-Sinclair deal haven't been disclosed.

Click here to submit a comment on the sale to the FTC. Comments are due Feb. 6.

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