By San Antonio Business Journal

Tesoro Logistics LP, a wholly owned subsidiary of Tesoro Corp., on Tuesday filed its registration statement with the Securities and Exchange Commission related to its planned initial public offering of its common units.

The number of common units to be offered and the price range of the offering have not yet been determined.

However, Tesoro Corp. (NYSE: TSO) announced in December that it expected to raise more than $200 million in its IPO of Tesoro Logistics.

Tesoro Logistics will apply to have its common units listed on the New York Stock Exchange under the symbol ⿿TLLP.⿝ Citibank is the book-running manager for the offering.

Tesoro Logisticsâ¿¿ initial assets will consist of Tesoro Corp.â¿¿s crude oil gathering system in the Bakken Shale/Williston Basin area, eight refined products terminals in the Midwest and Western United States, a crude oil and refined products storage facility and five short-haul pipelines in Utah.

San Antonio-based Tesoro Corp., in turn, will continue to own petroleum refineries and its network of convenience stores.

Copyright 2011 American City Business Journals

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