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Friday, July 24, 2009

Weston Upbeat Despite Refinery Announcement

Saint John M-P Rodney Weston remains optimistic Irving Oil's proposed second refinery in Red Head will eventually become a reality as the U-S economy begins to rebound from the recession.
And Weston says discussions between Irving and government officials about potential funding have been positive -- but -- no commitments have been made at this point.
Irving announced yesterday it was shelving plans for the 300-thousand barrel a day refinery because of market conditions -- the company is continuing with the permitting process and will revisit the project as market conditions improve.

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