- Associated Press - Wednesday, June 7, 2017

NIKISKI, Alaska (AP) - Tesoro Corporation will change its name to Andeavor after acquiring the oil refiner and marketer Western Refining in a $4.1 billion deal.

The deal closed Thursday and will double Tesoro’s nationwide workforce to 13,000 employees.

Tesoro Government and Public Affairs Manager Kate Blair said the change won’t affect the 225 employees at the Nikiski refinery.

Andeavor will have 10 refineries located in Alaska, California, Minnesota, New Mexico, North Dakota, Texas, Utah and Washington, with the capacity to refine 1.1 million barrels of oil per day, the Peninsula Clarion reported (https://bit.ly/2sSjwl5 ).

Blair said the Nikiski refinery has a capacity of about 72,000 barrels per day.

Following the multibillion-dollar acquisition, Andeavor will own more than 3,000 nationwide gas stations and convenience stores.

“The name change and logo change and identity change are a corporate change,” Blair said. “We currently market fuel under many different brands across the United States - Arco, Shell, Exxon, and Mobil. So we will continue to sell under the Tesoro brand.”

The name change will go into effect August 1.

Blair said the name Andeavor is meant to resemble “endeavor” and convey a dynamic impression of the company.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide