BP to buy Chevron business in Netherlands
From the Associated Press
BP said it had agreed to buy Chevron Corp.’s Netherlands manufacturing company, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory.
BP will acquire Chevron’s 31% stake in Netherlands Refining Co., or Nerefco, Chevron’s stake in the jointly owned wind farm at the refinery and a stake in the nearby crude oil terminal and storage facility and a number of associated pipelines.
