• An aviation business serving Vancouver International
• 129 Chevron-branded retail service stations mainly located in Vancouver.
• Three marine fuel service stations in Vancouver.
Parkland said the proposed Chevron acquisition aligns
with a broader strategy to strengthen its existing supply-fo-cused business model as well as complements its purchase
of majority ownership in Alimentation Couche-Tard Inc.
subsidiary CST Brands Inc.’s Canadian fuel business.
Parkland, which retained the Burnaby refinery’s existing
key management personnel, said it will move forward with
a major turnaround of the plant scheduled for first-quarter
2018. At a projected cost of $100 million (Can.), the 8-week
turnaround will include routine scheduled maintenance as
well as upgrades to unidentified operating units.
In May, Saudi Aramco and Royal Dutch Shell PLC com-
pleted their previously announced transaction to divide up
assets, liabilities, and businesses of their US-based refining
to enable improved product yield, recovery, and overall op-
erational performance as well as capture higher margins fol-
lowing the refinery’s scheduled 2018 turnaround.
With its acquisition of the Superior refinery now completed, Husky’s total downstream processing capacity increases to 375,250 b/cd.
Early in this year’s third quarter, Calgary-based Parkland
Fuel Corp.—Canada’s largest independent marketer of fuel
and petroleum products—announced it completed the purchase of Chevron Canada Ltd.’s (CCL) Canadian refining,
retail, commercial, and wholesale fuel businesses (OGJ Online, Apr. 20, 2017).
As part of the acquisition, which closed on Oct. 1, Park-
land took 100% ownership interest of Chevron Canada
R&M ULC, which operated the entirety of Chevron’s inte-
grated major Canadian downstream assets, including:
• The 55,000-b/d refinery in Burnaby, BC.
• Three fuel terminals located in Burnaby, Hatch Point,
and Port Hardy, BC.
PJSC Gazprom Neft is investing more than 5. 2 billion rubles on a project to upgrade and modernize the existing 767,000-tonne/year
delayed coking unit at its 21. 4 million-tpy Omsk refinery in Western Siberia as part of its ongoing modernization program to reduce
environmental impacts and improve processing capacities, conversion rates, energy efficiency, and production qualities at the site.
Photo from Gazprom Neft.