Tesoro Corporation and Tesoro Logistics Operations LLC, In the Matter of

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In the Matter of Tesoro Corporation, a corporation, and Tesoro Logistics Operations LLC, a limited liability company.
FTC Matter/File Number:

131 0052

Docket Number:

C-4405

Enforcement Type:

Part 2 Consents

Case Summary

Oil refiner Tesoro Corporation and one of its subsidiaries agreed to sell their light petroleum products terminal in Boise, Idaho to settle charges that their $335 million acquisition of pipeline and terminal assets from Chevron Corporation would be anticompetitive. Without the divestitures required by the FTC, the deal would have given Tesoro ownership of two of the three full service light petroleum terminals in Boise, significantly reducing competition for local terminal services. The proposed order requires Tesoro to sell the terminal it currently owns in Boise to an FTC-approved buyer within six months of when the order becomes final.

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