State's only oil refinery sold - WAOW - Newsline 9, Wausau News, Weather, Sports

State's only oil refinery sold

SUPERIOR, Wis. (AP) -- Wisconsin's only oil refinery and its inventory is being sold for about $474 million.

Murphy Oil Co., of El Dorado, Ark., is selling the plant in Superior to an Indianapolis petroleum company. Calumet Specialty Products Partners will pay $214 for the refinery and $260 for the inventory. The plant processes about 45,000 barrels of oil a day from western Canada and produces fuel and asphalt products.

Murphy put the refinery up for sale a year ago to focus on its national chain of gas filling stations.

The Superior Daily Telegram says (http://bit.ly/nVBhF3 ) the refinery employs about 156 people and is the city's biggest industrial facility and employer with a $100 million economic impact in 2010.

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Information from: The Daily Telegram, http://www.superiorwi.com

(Copyright 2011 by The Associated Press. All Rights Reserved.)

APNP-07-26-11 0627CDT

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