A tentative deal has been struck for Irving Oil to take over North Atlantic Refining and the Come by Chance oil refinery.
Irving Oil signed the agreement with Silverpeak to acquire North Atlantic, subject to a regulatory review and the conditions of sale being met.
Silverpeak purchased the facility from the Korea National Oil Company back in 2017 amid widespread speculation that Irving was also eyeing the refinery at the time.
Operations at the refinery were idled in March due to a downturn in the industry and concerns around the COVID-19 pandemic.
The refinery shutdown came ahead of planned upgrades and expansion work that officials had indicated would extend the life of the facility.
New Brunswick-based Irving says North Atlantic Refining provides a “reliable supply of fuel products to businesses and consumers across Newfoundland.”
There’s no immediate word on Irving’s plans regarding a possible restart of operations at Come by Chance.
https://news.google.com/__i/rss/rd/articles/CBMiNmh0dHBzOi8vdm9jbS5jb20vMjAyMC8wNS8yOC9pcnZpbmctb2lsLW5vcnRoLWF0bGFudGljL9IBAA?oc=5
2020-05-28 14:56:00Z
52780816849194
Tidak ada komentar:
Posting Komentar