Marathon Petroleum Considers Divesting Alaska and Utah Refineries

Bloomberg, October 25, 2019

U.S. refiner Marathon Petroleum Corp, which is under pressure to break itself up from activist investor Elliott Management Corp, is reportedly considering selling two of its North American refineries. According to Bloomberg, Marathon is in active discussions with possible buyers for its 68,000 bpd Kenai oil refinery near Anchorage, Alaska, and its 58,500 bpd Salt Lake City refinery, the largest in the Utah. 

Click here to read the full article from Bloomberg.

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