Valdez Local Business

Valdez Local Business

Local business in Valdez, AK

  • Wednesday Aug 10 | via Alaska Journal of Commerce 

    State proposes additional royalty oil sales to Petro...

    The Department of Natural Resources is looking to sell more of its oil to local refineries a few months after finalizing a royalty oil deal with Tesoro Corp. Under the latest proposed royalty oil sale, the state would sell between 18,800 and 23,500 barrels per day of North Slope crude to Petro Star Inc.'s North Pole and Valdez refineries on a one-year contract starting Dec. 1. A second, four-year contract would kick in Dec. 1, 2017, immediately after conclusion of the first, with up to 20,500 barrels per day sold to Petro Star in the first year. Sale volumes from the state would gradually decrease in subsequent contract years to a maximum of 10,500 barrels per day from December 2020 to November 2021.

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    Related Topix: Tesoro, Construction, North Pole, AK, Valdez, AK, Nikiski, AK, Prudhoe Bay, AK