M&A: BP sells 15 U.S. oil terminals; Quarles acquires heating oil firms

摘要

BP said recently that it will sell 15 of its U.S. oilrnterminals to Kinder Morgan, which will operate 14rnof them through a new limited liability company.rnThe major said that the sale would reduce therncompany’s operating costs and complexity.rnKinder Morgan said that the transaction isrnworth $350 million, and the 15 terminals locatedrnin the Midwest, Northeast, Southeast and on thernWest Coast have a total storage capacity of 9.5rnmillion bbl.