Top
image credit: Pexels

Irving Oil studies possible sale of fueling business

June 12, 2023

Irving Oil is undergoing a strategic review of the company to decide the future of its fueling business. As published by the firm in a press release, the options being evaluated include the sale of its assets.

According to a Reuters report, the brand operates over 900 service stations across Eastern Canada and the Northeastern U.S. region. Regarding its fuel assets, Irving owns the Saint John refinery located on Canada’s east coast, which produces approximately 320,000 barrels per day (bpd), and a 75,000 bpd refinery in Ireland.

Read More on PetrolPlaza