Refiner PBF buys N. Dakota crude

Posted: April 11, 2013

PBF Energy Inc., whose holdings include refineries in Paulsboro, N.J., and Delaware City, Del., announced Wednesday it has signed an agreement to buy North Dakota crude oil that will be delivered to its Delaware plant by rail.

PFF's deal is with Continental Resources Inc., the largest producer and leaseholder in the Bakken Shale formation, allowing the refiner to buy crude at a discount. Terms of the agreement were not disclosed.

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