IES Transitions to Dedicated Logistics and Retail Operations, Completes Sale of Select Refinery Assets to Par Pacific Holdings, Inc.

Date: Dec 19, 2018

FOR IMMEDIATE RELEASE

IES to continue to serve Hawaii’s energy needs as a reliable, cost-effective local supplier

Kapolei, Hawaiʻi – December 19, 2018 – Island Energy Services, LLC “IES” today announced it has completed its transition to dedicated logistics and retail operations.  Concurrently, IES closed the previously announced transaction in which Par Pacific Holdings, Inc. (“Par”) purchased select refinery assets from IES. As part of the transaction, IES has entered into a long-term agreement with Par under which IES will provide Par fuel storage and throughput services.

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