kesq.com: Shell's Bakersfield refinery sold to Flying- Oil (ShellNews.net) 11 Jan 05

BAKERSFIELD, Calif. Shell Oil announced today it has come to a sale agreement with the Flying-J Oil Company to sell the Bakersfield refinery to Flying-J's subsidiary Big West Oil.

Shell announced in September of 2003 it intended to close the facility unless it found a buyer because the refinery was too old and no longer fit Shell's business model.

The Shell refinery has the capacity to refine about 70-thousand barrels of crude oil per day into about two percent of California's overall gasoline needs.

The closure of the plant angered many of the 230 employees and associated business firms that had been with the plant for years.

(APcredit: Gaylen Young, KGET)

http://www.kesq.com/Global/story.asp?S=2790591

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