RESERVE, La. -- Marathon Petroleum Corp. (MPC) has expanded its retail business into the Louisiana market with the opening of a new gas station in Reserve, near the company's Garyville, La., refinery.
The station is MPC's first retail location in the Pelican State, reported The Times-Picayune.
Gary Heminger, president and CEO, spoke at a grand opening ceremony on June 25, said a separate report by L'Observateur. The station is located at the Reserve Truck Stop & Casino.
Marathon Oil Corp. purchased the Garyville refinery in 1976 and has operated it since, overseeing several major expansions to the facility, said the report.
Houston-based Marathon Oil spun off MPC in June 2011.
Findlay, Ohio-based MPC is the nation's fourth-largest refiner, with a crude oil refining capacity of approximately 1.7 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,200 independently owned retail outlets across 18 states. In addition, Enon, Ohio-based Speedway LLC, MPC subsidiary, owns and operates the nation's fourth-largest convenience store chain, with approximately 1,480 convenience stores in nine states.
MPC subsidiary Speedway LLC in May announced that it would acquire Hess Retail Holdings for $2.874 billion, gaining its approximately 1,250 gas stations and convenience stores on the East Coast.
The company also owns, leases or has ownership interests in approximately 8,300 miles of pipeline. Through subsidiaries, it owns the general partner of MPLX LP, a midstream master limited partnership. MPC's fully integrated system provides operational flexibility to move crude oil, feedstocks and petroleum-related products efficiently through the company's distribution network in the Midwest, Southeast and Gulf Coast regions.
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