Maine News Updates

Irving Oil Terminals Inc. announced today it has signed a purchase and sale agreement with ExxonMobil to buy two petroleum terminals in South Portland and Bangor and the 124-mile pipeline that connects them.

The purchase is subject to regulatory review, with closing targeted for mid-December.

“ExxonMobil has managed and maintained these facilities in a first-class manner and we look forward to the opportunity to build upon the long history of exceptional customer service at these locations,” said Gary Bischof, general manager of Irving Oil Terminals. “These terminals serve an important role in Maine’s economy and our agreement today further underscores our long-term commitment to our customers, and to the Maine communities in which they work and live.”

The company said it plans to continue full operation of the terminals and pipeline. “This acquisition enhances our ability to remain a secure and reliable energy supplier in Maine and New England generally,” said Bob Blanchard, Irving's director sales, “We intend to make this transition as seamless as possible for our customers and the communities in which these facilities operate.”

Irving Oil Terminals Inc., a Fort Reliance company, is a commercial marketer and distributor of petroleum products throughout New England. This business is affiliated with Irving Oil Refining, which operates Canada's largest refinery in Saint John, N.B. Irving Oil Terminals Inc. is headquartered in Portsmouth, N.H.