Andeavor to Develop Fuel Storage Facility in Baja California

Andeavor to Develop Fuel Storage Facility in Baja California

SAN ANTONIO, TEXAS – June 6, 2018 – Andeavor (NYSE: ANDV) today announced plans to build a refined products terminal at the Rosarito storage facility of Comisión Federal de Electricidad (CFE), in the state of Baja California. Under the terms of an agreement with CFEnergía a subsidiary of CFE, Andeavor will sign a long-term lease for the land and will construct and operate the facility, for a total investment of approximately $100 million. The infrastructure is expected to reduce Andeavor’s cost to directly import fuels into Baja California supporting its growing network of ARCO® branded stations and other customers in Northwest Mexico. "The expansion of our branded business in Mexico a…

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