North Atlantic Refining

North Atlantic Refining is a petroleum company based in Newfoundland and Labrador, Canada. The company operates the Come By Chance Refinery in Come By Chance that refines 130,000 barrels (21,000 m3) of oil per day. The refinery contributes over $300M in GDP annually to the local economy.

North Atlantic Refining Ltd.
Subsidiary
IndustryPetroleum refining and marketing
Founded1987
HeadquartersSt. John's, Newfoundland
Websitenorthatlanticrefining.ca

History

The Vitol Group acquired North Atlantic Refining in 1994.[1]

In 2006 Harvest Energy Trust purchased North Atlantic Refining and related businesses for CDN$1.6 billion from Vitol Refining Group B.V.[2]

In 2014 North Atlantic Refining Ltd. was sold to New York merchant bank SilverRange Financial Partners for a C$97.3 million ($85.52 million).[3] The sale included 53 North Atlantic and Home Town branded gasoline stations, as well as convenience stores and 14 Orangestore branded locations.[4]

On May 28 2020 Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak. [5]

North Atlantic Refining

References
  1. "Vitol confirms agreement to sell North Atlantic Refining Ltd".
  2. "Calgary company buys Come By Chance refinery".
  3. "KNOC says sells Harvest's refining unit at C$97.3 mln to SilverRange".
  4. "North Atlantic Refining to be sold to SilverRange Financial Partners".
  5. https://www.bnnbloomberg.ca/irving-to-buy-north-atlantic-refining-including-refinery-in-come-by-chance-n-l-1.1442273. Missing or empty |title= (help)
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