for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

CORRECTED-Irving Oil to buy Come-by-Chance refinery owner

(Corrects headline and first paragraph to drop reference to Silverpeak)

May 28 (Reuters) - Canada-based oil refinery operator Irving Oil said on Thursday it had agreed to buy North Atlantic Refining Corp, the owner of the Come-by-Chance refinery in Newfoundland.

Terms of the deal were not disclosed.

The Come-by-Chance refinery, which has an output of 135,000 barrels per day, was the first to close in North America as refiners worldwide began to scale back to adjust to a sudden demand slump due to the coronavirus outbreak. (Reporting by Shariq Khan in Bengaluru; Editing by Shinjini Ganguli)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up