Valero Energy Corporation completes merger with Valero Energy Partners

Valero Energy Corporation has completed its merger with Valero Energy Partners (the Partnership) in a transaction valued at approximately $950m. 

The closing of the merger comes after a strong third quarter for the parent company. Valero made a profit of more than $850m in the third quarter, which the company said was due to discounts on domestic crude oil over foreign crude oil and strategic pipelines.

For more information visit www.valeroenergypartners.com