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Irving Oil announces divestiture of Canaport LNG ownership interest

Saint John, NB – Today, Irving Oil announces the divestiture of its 25% ownership interest in Canaport LNG, with full ownership to be assumed by the existing majority owner, Repsol SA (BME: REP.)

Over the past number of months, the parties have been working together to finalize this transaction and today announce its conclusion.

Irving Oil extends its best wishes to Repsol for success in the future. Confidentiality provisions prohibit Irving Oil from commenting further at this time. 

This press release is provided solely for historical and reference purposes and has not been updated or modified since the date of first publication. As such, it may not reflect Irving Oil's current views or practices, including with respect to our goals and targets.