Canada’s largest oil refinery is looking for new supply options as the U.S. war on Iran threatens one of its most reliable, and long-standing, sources of crude oil.
Irving Oil recently got permission from federal regulators to use a foreign-owned ship to bring crude oil from Newfoundland’s offshore fields to Saint John, in southern New Brunswick.
Saudi Arabia has been the most reliable source of crude for Irving’s Saint John refinery since it opened in 1960, but Irving told regulators last month that this is no longer certain.
