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Petro Canada bought the refinery

Northeast.The sale marks the seventh time the refinery has changed handsIrving operates a distribution network in Newfoundland, including its flagship Big Stop trucking stations in multiple locations across the province.makes sense that they would see a benefit to acquiring the Come By Chance distribution and retail assets, IHS Markit oil markets, midstream and downstream analyst Susan Bell said in an email.She said the Come By Chance refinery has been challenged historically because it has been prohibited from selling fuels into the broader Canadian market beyond Newfoundland.Built with federal and provincial money between 1970 and 1973, the refinery operated for just a few years before going cheap nfl jerseys bankrupt in 1976. Petro Canada bought the refinery, then dubbed the lemon in the world according to Memorial University archives, for $10 million in 1980. The Crown corporation couldn turn a profit on the facility either and sold it for $1 to Newfoundland Energy Ltd.

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