Murphy Oil's Superior Refinery Sold

By KBJR News 1

Murphy Oil's Superior Refinery Sold

July 25, 2011 Updated Jul 25, 2011 at 6:13 PM CDT

Superior, WI (Northland's NewsCenter) Murphy Oil in Superior has been sold.

Calumet Specialty Products Partners is buying the Superior Refinery for $214–million plus the value of hydrocarbon inventory.

The refinery has been a major contributor to Superior's economy since it was built in 1951.

About 156 workers jobs could be affected because of the sale.

Murphy Oil's president said in a prepared statement that they're pleased to announce the refinery's sale as they exit the refining business.

The sale is expected to close by the end of this year.