Valero acquires Meraux Refinery

Valero Energy Corporation has completed its acquisition of Murphy Oil USA Inc.’s Meraux, La. refinery and related logistics assets for USD 325 million plus inventories valued at approximately USD 260 million. The purchase price includes an adjacent product terminal, a 20% equity interest in the Collins Product Pipeline and T&M terminal, and a 3.2% interest in the Louisiana Offshore Oil Port (LOOP), in addition to the refinery.

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