Irving Oil Welcomes Whitegate to the Team
Release Date: September 09, 2016
Canadian Company Announces Successful Acquisition of Refinery in Ireland
SAINT JOHN, NB — Irving Oil announced today the successful close of its purchase and sale agreement with Houston-based energy, manufacturing and logistics company, Phillips 66 (NYSE: PSX), to acquire the Whitegate refinery located near Cork, Ireland. The agreement was announced by Irving Oil on August 3 with an expectation that the transaction would close by the end of the third quarter once all conditions of the sale were met.
With the transaction finalized, Irving Oil has assumed full ownership of the refinery and will continue full operation of the facility, including maintaining its existing workforce.
Irving Oil was founded in 1924 and is a privately-owned regional refining and marketing company with a history of long-term partnerships and relationships. In addition to its refinery in Whitegate, Ireland, Irving Oil operates Canada’s largest refinery in Saint John, NB, which is located 65 miles north of the US border and has reached production rates in excess of 320,000 barrels per day. With over 900 fueling locations, operations from a network of distribution terminals, and a delivery fleet of tractor trailers, Irving Oil serves wholesale, commercial and retail customers in Atlantic Canada, Quebec, and New England
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Media Contact:Sam Robinson
Public Affairs, Irving Oil