Top

Chevron sells downstream assets to One Rock

April 25, 2016

Category:

Island Energy Services, LLC, a wholly owned subsidiary of OneRock Capital Partners, LP (One Rock) has announced that it has signed an agreement to acquire certain refining, distribution and retail assets, located in Hawaii, from Chevron U.S.A. Inc. (Chevron). Including the 58 000 bpd refinery in Kapolei, Chevron’s interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island, pipeline distribution systems and other related downstream assets statewide.

Financial terms of the transaction were not disclosed. The agreement is subject to customary regulatory approvals and is expected to be completed during the second half of 2016.

Read More on Energy Global