Oil giant BP Pl said Tuesday that it plans to sell its Carson refinery. The planned divestment is part of a larger plan to cut by half BP's U.S. refining capacity.

BP acquired the Carson refinery through the oil giant's 2000 acquisition of ARCO. The company plans to complete the sales by the end of 2012.

The Carson refinery employs about 1,200 people directly with an additional 500 contractors. The facility has a capacity of 265,000 barrels per day and supplies about 25 percent of L.A.'s gasoline demand.

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