As a journalist, I can report that Irving Oil has announced that it will be conducting a strategic review of its assets, which includes the possibility of selling its refinery in Saint John, New Brunswick. This news has sent shockwaves through the energy industry, as the refinery is a key player in the region and employs over 1,000 workers.

The review is part of Irving Oil’s efforts to adapt to changing market conditions and position itself for long-term success. In a statement, the company said that it will be exploring all options for its assets, including potential partnerships, joint ventures, and divestitures.

The Saint John refinery is one of the largest in Canada, with a capacity of 320,000 barrels per day. It produces a range of products, including gasoline, diesel, and jet fuel, and is a major supplier to the Northeastern United States.

The potential sale of the refinery has raised concerns among workers and local officials, who fear that it could lead to job losses and economic hardship for the region. However, Irving Oil has emphasized that it remains committed to its employees and the community, and will work to ensure a smooth transition if a sale does occur.

As a journalist, it is important to note that this is a developing story and more information will likely become available in the coming days and weeks. It is also important to adhere to journalistic ethics and verify all information before reporting it to the public.