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Chevron Pipe Line sells Northwest Products System to Tesoro Logistics for $355 million

June 2013

Client(s) Chevron Corporation

Jones Day advised Chevron Pipe Line Company in the sale of its Northwest Products System to Tesoro Logistics LP for $355 million.

The Northwest Products System consists of the Northwest Product Pipeline, a 760-mile Federal Energy Regulatory Commission (FERC)-regulated common carrier products pipeline which extends from Salt Lake City, Utah to Spokane, Washington, a separate five-mile jet fuel pipeline to the Salt Lake City International Airport and the Northwest Terminalling Company consisting of the Boise and Pocatello, Idaho and Pasco, Washington refined products terminals, which are not subject to FERC regulation.

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