Connacher, Calumet close refinery sale

Connacher Oil & Gas Ltd., Calgary, said it has closed the sale of its 100% interest in Montana Refining Co. to a subsidiary of Calumet Specialty Products Partners LP, Indianapolis (OGJ Online, Aug. 15, 2012).

After-tax proceeds, including the value of inventory and working-capital adjustments, was $201 million.

Montana Refining operates a 9,500 b/d heavy-oil refinery in Great Falls, Mont.

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