BP mum on volume break for Pantry, or other jobbers

摘要

The Pantry, BP's largest branded jobber, says it may end up pulling less than its branded contract requires and may have to pay underlifting penalties to the British major as a result. The disclosure comes in U.S. Securities and Exhange Commission filings by The Pantry, a multi-state chain, based in Sanford, N. C.rnThe Pantry's branded deal with BP corresponds to its fiscal year and runs roughly from October through September. In 2007 and 2008, the company exceeded BP's minimum volume sales requirement for branded gasoline, which increases annually.