Irving Oil Starts Review That Puts Key Refinery on Market

The Irving Oil refinery is show in this 2014 aerial photograph taken above Saint John, New Brunswick.

Photographer: Aaron McKenzie Fraser/Bloomberg

Irving Oil Ltd., the operator of Canada’s largest crude refinery, is reviewing strategic options that may include putting billions of dollars worth of key North American refining and fuel-distribution assets up for sale.

Other options include a change in the portfolio of its assets and how it operates them, though “no decisions have been made about where this strategic review may lead,” the company said on its website Wednesday.