Thursday, February 3, 2011

BP Carson Refinery For Sale

The giganteum 630 acre oil refinery in Carson owned by BP, yes them,  is now for sale along with a Texas refinery. Both refineries are excepted to bring BP about $4.4 billion dollars. BP is attempting to divest about $30 billion dollars to pay for the gulf coast disaster. BP just posted a fourth quarter profit of $5.57 billion dollars and is now paying dividends to it's investors. The British government suspended BP from paying out dividends last year, due to the gulf coast catastrophe.
Long may she waive.
The refinery produces 1/4 of Los Angeles' gasoline, along with jet fuel and petroleum coke. The Carson facility has a workforce of 1200 along with 500 contractors.

Photo by Ted Soqui © 2011