Comment on Tesoro reports $248M in impairment charges related to Hawaii assets

Tesoro reports $248M in impairment charges related to Hawaii assets

Tesoro Corp. said Monday that it absorbed $248 million in impairment charges related to its Hawaii assets in the fourth quarter of 2012, including its 94,000 barrel-per-day Kapolei refinery, which is being sold to a subsidiary of Texas-based Par Petroleum. The amount included $20 million related to estimated costs for asset retirement obligations, Texas-based Tesoro Corp.

 

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