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Conocophillips trainer refinery sold

Updated: 9/17/2019
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Q: Conocophillips trainer refinery sold
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Who was previous owner of ConocoPhillips Trainer PA refinery?

Sinclair Oil constructed refinery in 1925 in Marcus Hook,PA . On March 4,1969 Sinclair Oil and Atlantic Richfield merged. As a condition of the $ 1.8 Billion merger the Marcus Hook refinery was sold to the US subsidiary of British Petroleum . British Petroleum operated the refinery until it was shut down and then sold to TOSCO on February 2,1996 . TOSCO spent $100 million upgrading the refinery and started operating it in May 1997. Phillips Petroleum merged with TOSCO in a $7 Billion merger on September 14, 2001 . The next year Conoco and Phillips merged to form ConocoPhillips. The $15.6 Billion merger was completed on August 30 ,2002.


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What is Good Hope refining?

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Does the oil from the ground immediately become usable for human energy consumption?

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