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BPMP - Interesting Times Ahead For BP's US Downstream Assets
BP Midstream Partners LP representing Limited Partner Interests
Introduction to BP Downstream in the US
BP (BP) operates three refineries in the United States. Cherry Point refinery is in Washington state with a capacity of 250,000 bpd. Originally built to process crude from Alaska’s North Slope, the refinery has been running an increasing amount of crude from Canada and North Dakota as Alaskan production declines. The other two refineries are situated about 230 miles apart in the Midwest. Whiting Refinery in Northwest Indiana is BP’s largest, with a capacity of 430,000 bpd. BP spent over $4 billion in 2012-13 to modernize