A
portion
of
BP’s
southeastern
US
retail
and
logistics
network
are
also
part
of
the
sale,
including
four
marketing
terminals
and
contracts
on
1200
retail
sites
supplied
by
the
refinery.
The
price
includes
$600
million
in
cash
at
closing,
an
estimated
$1.2
billion
for
hydrocarbon
inventories
and
a
$700
million
six-year
earn-out
arrangement
based
on
future
margins
and
refinery
throughput,
BP
said.
Findlay,
Ohio-based,
New
York-listed
Marathon
Petroleum,
which
is
the
United
States’
fifth
largest
refiner,
said
the
deal
-
to
be
paid
with
cash
on
hand
-
would
complement
the
company’s
existing…
