Plans suspended for New Brunswick refinery

By OGJ editors
HOUSTON, July 24
-- Irving Oil and BP PLC have suspended plans to build a 300,000-b/d refinery at St. John, NB (OGJ, Mar. 24, 2008, Newsletter).

The companies said an 18-month feasibility study determined the Eider Rock project “was not viable at a time of global economic recession and dampening forecasts for petroleum product demand in North America.”

Privately held Irving operates a 250,000-b/d refinery at St. John.

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