SAN ANTONIO -- Tesoro Corp., through its affiliate Tesoro Refining & Marketing Co. LLC, has signed a strategic supply agreement with an affiliate of Anabi Oil Corp. to sell fuel at 55 high-volume gas stations in the greater Las Vegas area that Anabi acquired from Las Vegas-based Rebel Oil in December.
The agreement allows Tesoro to increase its fuel sales in the Las Vegas region and strengthen the presence of the ARCO and Mobil brands.
Anabi's newly acquired retail network is complimentary to Tesoro's existing network of 50 ARCO and Mobil branded locations in greater Las Vegas. This region is strategic for Tesoro as it provides supply flexibility from Tesoro's Los Angeles and Salt Lake City refineries and establishes a platform for the continued expansion of the ARCO and Mobil brands.
This supply agreement is consistent with Tesoro's integrated business model and strategy to strengthen its fuel marketing business, while further ensuring placement for finished products from its refining business.
"This will strengthen our network, and Las Vegas is a natural extension of the Southern California assets we currently hold. Tesoro is a strategic and valuable partner to Anabi Oil Corp., and we look forward to a long relationship with Tesoro," said Sam Anabi, president of Anabi Oil.
"We are very pleased to add these 55 high-quality locations to our existing branded portfolio in Las Vegas and to further grow our business," Claude Moreau, senior vice president of marketing for Tesoro, said.
Supply to the 55 retail stations in Las Vegas commenced mid-Dec. 2015.
Upland, Calif.-based Anabi Oil and its affiliates operate as a diversified distributor, retailer and owner of motor gasoline products and properties in California and Nevada.
San Antonio-based Tesoro is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operates six refineries in the western United States with a combined capacity of 875,000 barrels per day and ownership in a logistics business that includes an interest in Tesoro Logistics LP and ownership of its general partner. Tesoro's retail-marketing system includes more than 2,300 gas stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline and Tesoro brands.
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