News

No Word on Possible Buyer for Refinery

February 1st, 2014:

There's still no word on whether or not a possible buyer may have been found for the Come by Chance oil refinery, despite rumours circulating about the future of the facility. VOCM's Linda Swain reports. 

The refinery was put on the block last fall after owner Harvest Energy's parent company, the Korean National Oil Company, announced that it was divesting itself of its Canadian assets. Since that time a number of rumours have circulated about possible buyers, including Irving Oil and British-based BP. Kari Sawatzky with Harvest Investor Relations in Calgary says they won't comment on speculation or rumour, but did say they continue to work through the process, and are looking at a number of different opportunities for the refinery. She says nothing has changed since the news first broke in September. In the meantime, it's business as usual at the refinery.

Source: VCOM