Tosco Completes Acquisition of Irish National Petroleum Assets



Tosco Corporation has completed the purchase of the operating assets of the Irish National Petroleum Corporation Limited. These include a 75,000 barrels per day refinery located in Cork, Ireland and an 8.5 million barrel, deep water crude oil and oil products storage complex located in Bantry Bay. The purchase price was $100 million plus the value of the crude oil and products inventory.