SAN ANTONIO (AP) — Tesoro Corp. said Monday it plans to invest approximately $180 million on a capital project at its Salt Lake City refinery that will expand crude oil production by 7 percent.
The project is expected to be completed in two stages in 2013 and 2014, subject to obtaining certain permits.
In conjunction with the project, Tesoro has signed a crude oil supply deal with Newfield Exploration Co. to provide oil for seven years starting in 2013.
Tesoro operates seven refineries in the western United States. It also has nearly 1,200 branded retail gas stations.