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Revision as of 16:19, 18 March 2020

North Atlantic Refining Ltd.
Company typeSubsidiary
IndustryPetroleum refining and marketing
Founded1987
HeadquartersSt. John's, Newfoundland
Websitewww.northatlanticrefining.ca

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.

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]

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".