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Marathon confirms BP refinery acquisition to be completed Friday - The Galveston County Daily News : Local News

August 20, 2014

Marathon confirms BP refinery acquisition to be completed Friday

Posted: Thursday, January 31, 2013 12:00 am | Updated: 11:26 am, Sun Feb 3, 2013.

The deal is done. Top Marathon Petroleum officials on Wednesday confirmed what The Daily News had reported: The company will complete its acquisition of BP’s Texas City refinery on Friday.

Marathon officials announced that they plan to spend about $1.6 billion to upgrade the refinery, which underwent a $1 billion upgrade after a 2005 explosion killed 15 people and injured 170.

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