Alon's Wait Is Over

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Alon's Wait Is Over

DALLAS -- Alon USA Energy received notice from the Federal Trade Commission Monday that the agency has agreed to give the company early termination of the waiting period for its pending acquisition of Edgington Oil Co. With this notice, Alon expects the transaction to close by the end of this month.

The Edgington acquisition consists of its 40,000-barrel-per-day refinery and a crude oil throughput capacity of 170,000 barrels per day. Alon plans to use heavy crude oil at the refinery, producing 35,000 barrels per day. The refinery is linked to others in the area, as well as to pipeline systems -- including one to the Long Beach dock -- which will give the company more flexibility in sending crude outside of California.

The refinery will be operated in conjunction with the company's recently-purchased Paramount refinery as an integrated facility.

Dallas-based Alon USA Energy Inc. is an independent refiner and marketer of petroleum products, operating in the southwestern and western U.S. Alon owns and operates three sour and heavy crude oil refineries in Texas, California and Oregon, with a crude oil capacity of 136,000 barrels per day. The company also markets gasoline and diesel under the FINA brand for the more than 200 convenience stores that it operates in West Texas and New Mexico under the 7-Eleven and FINA banners.