Western Refining Inc was incorporated on September 16, 2005 under Delaware law. The Company is a crude oil refiner and marketer of refined products. The Company operates five business segments: refining, retail, WNRL and NTI. The refining group operates two refineries in the Southwest owned by Western that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt. The wholesale group includes a fleet of crude oil and refined product truck transports and wholesale petroleum product operations in the Southwest, Northeast and Mid-Atlantic regions. The retail group operates retail convenience stores in the Southwest that sell gasoline, diesel fuel and convenience store merchandise. WNRL owns and operates terminal, storage and transportation assets and provides related services to its refining group in the Southwest. NTI owns and operates a refinery and related transportation assets and also operates retail convenience stores and supports franchised retail convenience stores in the Upper Great Plains region of the U.S. The refining group operates a refinery in El Paso, Texas (the "El Paso refinery") and a refinery near Gallup, New Mexico (the "Gallup refinery"). The refineries make various grades of gasoline, diesel fuel, jet fuel and other products from crude oil, other feedstocks and blending components. The wholesale group includes several lubricant and bulk petroleum distribution plants, unmanned fleet fueling operations and a fleet of crude oil and refined product trucks and lubricant delivery trucks. The wholesale group distributes wholesale petroleum products in Arizona, California, Colorado, Maryland, Nevada, New Mexico, Texas and Virginia. The Company's southwest refineries compete with Valero Energy Corp., Phillips 66 Company, Alon USA Energy, Inc., HollyFrontier Corporation, Tesoro Corporation, Chevron Products Company ("Chevron") and Suncor Energy, Inc. It competes with other wholesale petroleum products distributors in the Southwest such as Pro Petroleum, Inc.; Southern Counties Fuels; Synergy Petroleum, LLC; SoCo Group, Inc.; C&R Distributing, Inc. On the east coast, it competes with wholesale petroleum products distributors such as Shell Oil Company, BP Oil, CITGO Petroleum Corporation, Valero Energy Corporation and Exxon Mobil Corporation. The Company's operations are subject to extensive federal, state and local environmental, health and safety regulations.
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