December 7, 2016 [Irving Oil] - Irving Oil announced that it has entered into a purchase agreement to acquire four inland storage facilities in Nova Scotia from Valero Energy Inc.
The storage facilities are located in the communities of Port Hawkesbury, New Glasgow, Yarmouth and Bridgewater and represent a combined capacity of nearly 21,000 barrels of gasoline, diesel and home heating oils. The agreement is expected to close before the end of the year.
The acquisition will help facilitate Irving Oil’s distribution of energy products to customers throughout Nova Scotia, using the newly revitalized Halifax Harbour Marine Terminal as a primary supply point.
“Nova Scotians need a reliable supply of energy they can count on in order to do business and take care of their families,” says Mark Sherman, Chief Operating Officer for Irving Oil. “After an $80-million investment to reopen the Halifax Harbour Terminal, we’re proud to invest in our backyard in Nova Scotia, creating a network that will enhance our offerings to our customers in the region.”
