Posted Sep 5, 2014, 5:22 PM
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Join Date: May 2011
Location: St. John's
Posts: 1,654
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Harvest Sells North Atlantic Refining and Come by Chance Refinery
Some good news for the region, especially in the Come By Chance area!
VOCM News
Sep 5, 2014
Quote:
North Atlantic Refining, including the Come By Chance oil refinery, has been sold to an American buyer. VOCM's Linda Swain reports.
Harvest Energy announced today that it has reached an agreement to sell its ownership of North Atlantic Refining, which includes the Come By Chance Oil Refinery, 53 North Atlantic and Home Town gasoline stations as well as 14 Orangestore locations to SilverRange Financial Partners of New York.
Sources tell VOCM News that BP is a major partner in the purchase agreement. The refinery went up for sale one year ago when the owners of Harvest, the Korean National Oil Corporation, announced it was divesting itself of its Canadian assets. Since that time, a number of buyers were rumoured to be interested in the facility.
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http://www.vocm.com/newsarticle.asp?mn=2&ID=48981
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