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2002 Press Releases
FOR IMMEDIATE RELEASE: February 26, 2002

HALLIBURTON KBR COMPLETES INSTALLATION OF SOLVENT DEASPHALTING UNIT AT TESORO PETROLEUM REFINERY

HOUSTON, Texas - Halliburton KBR has completed the installation of a new 21,000 barrel per day solvent deasphalting unit at Tesoro Refining and Marketing Company's refinery in Anacortes, Washington. The solvent deasphalting unit employs Halliburton KBR's ROSE™ (Residuum Oil Supercritical Extraction) process and ROSEMAX™ high efficiency separator internals for recovering high-value oils from refinery residues. Halliburton KBR is the engineering and construction segment of Halliburton (NYSE: HAL).

"Our history with Tesoro dates back to our operations and maintenance group that has provided services at this refinery for many years," said Randy Harl, president and chief executive officer of Halliburton KBR. "We are pleased to continue our relationship by successfully installing Tesoro's first ROSE™ unit."

This is the 32nd time that Halliburton KBR has licensed a ROSE™ unit, which allows refineries to increase the proportion of heavy crude feedstock and higher-end products, while decreasing heavy product yields. The project set a new 20-month "oil-in" record, the quickest ever with five days from removal of the battery limit blinds.

Halliburton KBR is an international, technology-based engineering and construction company, which provides a full spectrum of industry-leading services for governments and public infrastructure and to the hydrocarbon, chemical, energy, and forest products industries.

Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments.

Tesoro Refining and Marketing Company is a subsidiary of Tesoro Petroleum Corporation (NYSE: TSO), an independent refiner and marketer of petroleum products and provider of marine logistics services. Tesoro operates five refineries in the western U.S. with a combined capacity of 390,000 barrels per day. Tesoro’s growing retail marketing system includes more than 600 branded retail stations, of which approximately 200 are company owned and operated under the Tesoro and Mirastar brands. Tesoro's World Wide Web can be accessed at www.tesoropetroleum.com.


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