North Atlantic Refining
Encyclopedia
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 produces 115000 barrels (18,283.5 m³) of oil
per day.
The company was formed in 1994 as a subsidiary of Vitol
, which acquired the refinery from Cumberland Farms
that same year. It was sold to Harvest Energy Trust
in 2006. In 2009, the company was purchased by the Korea National Oil Corporation
.
. These stations are involved in North Atlantic's YAY! Card (Yay! Rewards Website) points program and offer a wider range of services than the remaining stations. The 34 smaller stations are branded Home Town and are located in smaller communities, usually off of Newfoundland's main routes.
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
company based in Newfoundland and Labrador
Newfoundland and Labrador
Newfoundland and Labrador is the easternmost province of Canada. Situated in the country's Atlantic region, it incorporates the island of Newfoundland and mainland Labrador with a combined area of . As of April 2011, the province's estimated population is 508,400...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. The company operates the Come By Chance Refinery in Come By Chance
Come By Chance, Newfoundland and Labrador
Come By Chance is a town on the Avalon Peninsula in Newfoundland and Labrador, Canada. It is in Division No. 1 on Placentia Bay.Located in this town is Newfoundland's only oil refinery, the Come By Chance Refinery operated by North Atlantic Refining Company, which has a capacity of .According to...
that produces 115000 barrels (18,283.5 m³) of oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
per day.
The company was formed in 1994 as a subsidiary of Vitol
Vitol
The Vitol group is an energy trading company founded in Rotterdam in 1966. Vitol operates worldwide and, along with Glencore and Trafigura, is one of the world's top three crude oil traders. Vitol's headquarters are located in Rotterdam, the Netherlands and Geneva, Switzerland...
, which acquired the refinery from Cumberland Farms
Cumberland Farms
Cumberland Farms is a regional chain of convenience stores based in Framingham, Massachusetts, and operating primarily in the eastern United States and Florida. Cumberland Farms operates roughly 600 retail stores, gas stations, and a support system including petroleum and grocery distribution...
that same year. It was sold to Harvest Energy Trust
Harvest Energy Trust
Harvest Operations Corp. is a Canadian oil and natural gas company based in Calgary, Alberta. Unlike many oil and gas trusts, which consist only of production fields, Harvest had both "upstream" and "downstream" components...
in 2006. In 2009, the company was purchased by the Korea National Oil Corporation
Korea National Oil Corporation
Korea National Oil Corporation is the national oil and gas company of South Korea and one of the most important industrial companies in the country...
.
Gas stations
North Atlantic Refining operates or supplies 70 gas stations in Newfoundland and Labrador. Of these, the 36 larger stations are branded North Atlantic, most having been purchased from Petro-CanadaPetro-Canada
Petro-Canada was a crown corporation of Canada in the field of oil and natural gas. It was headquartered in the Petro-Canada Centre in Calgary, Alberta. In August, 2009, Petro-Canada merged with Suncor Energy, a deal in which Suncor investors received approximately 60 per cent ownership of the...
. These stations are involved in North Atlantic's YAY! Card (Yay! Rewards Website) points program and offer a wider range of services than the remaining stations. The 34 smaller stations are branded Home Town and are located in smaller communities, usually off of Newfoundland's main routes.
External links
- Official North Atlantic website
- Vitol website
- Come By Chance refinery up for sale, CBCCanadian Broadcasting CorporationThe Canadian Broadcasting Corporation, commonly known as CBC and officially as CBC/Radio-Canada, is a Canadian crown corporation that serves as the national public radio and television broadcaster...
.ca, December 16, 2005 - Harvest Energy Pays C$1.6B for Vitol's North Atlantic Refining