Western Refining Inc has acquired an asphalt plant and terminal in El Paso TX and asphalt terminals in Phoenix and Tucson AZ and Albuquerque NM from Chevron USA Inc. The asphalt plant and terminals were acquired by Western's indirect, wholly owned subsidiary, Western Refining Co LP.
This acquisition supports Western's strategy to process a significantly greater amount of sour crude oil in 2007, up to 50% of its El Paso refinery's total crude oil throughput. The acquisition was made possible by certain rights Western received in connection with its purchase of Chevron's El Paso refinery in 2003.