HOUSTON, May 23 (Reuters) - Independent refiner Tesoro Corp is expected to take control of BP Plc's 240,000barrel-per-day (bpd) Los Angeles-area refinery in Carson,California, on June 1 as part of a $2.5-million purchase of theenergy giant's southern California assets, according to sourcesfamiliar with the deal.
A Tesoro spokeswoman declined to discuss the specifics ofthe sale's timeline.
"We expect the transaction to close before mid-2013," saidTesoro's Tina Barbee.
A BP representative did not reply to requests for comment.
The U.S. Federal Trade Commission and the CaliforniaAttorney General last week approved the sale of the BP'ssouthern California operations to Tesoro.
Once the sale is complete, Tesoro will control 26 percent ofcrude oil refining capacity in California, the nation's largestgasoline market. Chevron Corp will continue to be the largestrefiner in California. (Reporting by Erwin Seba; editing by Gunna Dickson)
BP (BP.)
