Agence France-PresseJune 19, 2013 15:35
ExxonMobil subsidiary Imperial Oil announced Wednesday it will shutter its only oil refinery on Canada's Atlantic Coast after failing to find a buyer for the struggling century-old facility.
The company noted a "very difficult business market" as the reason for its decision, adding in a statement: "Despite interest in the refinery assets over the past year, Imperial was unable to attract a buyer to continue operating the refinery."
The facility began operations in 1918, refining as much as 88,000 barrels of oil per day, and employed some 400 people.
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