Valero Energy Corporation announced that it has completed its acquisition of Murphy Oil USA Inc.’s Meraux, La. refinery and related logistics assets for $325 million plus inventories valued at approximately $260 million.

In addition to the refinery, the purchase price includes an adjacent product terminal, a 20 percent equity interest in the Collins Product Pipeline and T&M terminal, and a 3.2 percent interest in the Louisiana Offshore Oil Port (LOOP).

“We would like to extend a welcome to our new employees,” said Bill Klesse, Valero’s Chairman and CEO. “The Meraux refinery, related assets and its employees will be great additions to our company.”

To see the Meraux Refiney site