United Refining to buy Phillips 66 terminal

Published October 9, 2012 6:15pm ET



HOUSTON (AP) — United Refining Co. has agreed to buy a petroleum terminal from Phillips 66 for an undisclosed sum.

The oil companies announced the deal for the Riverhead, N.Y., marine petroleum terminal and associated assets on Tuesday. The transaction is expected to close at the end of October, pending regulatory approval.

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