Tesoro to expand fuel sales network in Nevada

Tesoro has signed a strategic supply agreement with an affiliate of Anabi Oil Corp. to sell fuel at 55 high-volume retail stations in the greater Las Vegas, Nevada, area that Anabi recently acquired. 

The agreement allows Tesoro to increase its fuel sales in the Las Vegas region and strengthen the presence of the ARCO and Mobil brands. Anabi's newly-acquired retail network is complimentary to Tesoro's existing network of 50 ARCO and Mobil branded locations in greater Las Vegas. 

This region is strategic for Tesoro, as it provides supply flexibility from Tesoro's Los Angeles and Salt Lake City refineries and establishes a platform for the continued expansion of the ARCO and Mobil brands.

This supply agreement is consistent with Tesoro's integrated business model and strategy to strengthen its fuel marketing business, while further ensuring placement for finished products from its refining business.

"This will strengthen our network, and Las Vegas is a natural extension of the Southern California assets we currently hold," said Sam Anabi, president of Anabi Oil. "Tesoro is a strategic and valuable partner to Anabi Oil, and we look forward to a long relationship with Tesoro."

Supply to the 55 retail stations in Las Vegas commenced in mid-December of 2015.

"We are very pleased to  add these 55 high-quality locations to our existing branded portfolio in Las Vegas and to further grow our business," said Claude Moreau, senior vice president of marketing for Tesoro.