History
The refinery was built by Shaheen Resources in 1971–1973. It was operated in 1973–1976 until the bankruptcy of Shaheen Resources. The refinery was restarted in 1986 by Newfoundland Processing Ltd. In August 1994, the Vitol Group purchased the refinery and the operating company North Atlantic Refining was founded. In October 2006, Calgary-based Harvest Energy Trust purchased North Atlantic Refining for $1.6 billion, and in October 2009, the company was purchased by Korea National Oil Corporation.
Read more about this topic: Come By Chance Refinery
Famous quotes containing the word history:
“The true theater of history is therefore the temperate zone.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
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—Sidney Buchman (1902–1975)
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