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Irving Oil Refinery
The IRVING OIL REFINERY is a Canadian oil refinery located in Saint John , New Brunswick
New Brunswick
. It is currently the largest oil refinery in Canada, capable of producing more than 300,000 barrels (48,000 m3) of refined products per day. The refinery is owned and operated by Irving Oil
Irving Oil
Limited Refining Division, which is a subsidiary company of Irving Oil
Irving Oil
Ltd . Irving Oil is wholly owned by Fort Reliance Company Ltd. , a holding company owned by Arthur Irving and his family; it is considered part of the Irving Group of Companies . CONTENTS* 1 History * 1.1 Rail accidents * 1.2 Proposed pipeline * 2 References * 3 Further reading * 4 External links HISTORYThe refinery was built in 1960 as a partnership between Irving Oil and Standard Oil
Standard Oil
Co
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Tidewater (marketing)
TIDEWATER is a term used by industries and governments to refer to access to ocean ports with international marine services for import and export of commodities. For export, the commodities can be shipped via trucks, trains and/or pipelines to a port, thereby opening the door to more lucrative prices on global markets. Getting to such a port is particularly important for landlocked jurisdictions seeking to expand and diversify markets for natural resources. CONTENTS * 1 Landlocked Athabasca oil sands
Athabasca oil sands
* 2 See also * 3 Citations * 4 References LANDLOCKED ATHABASCA OIL SANDS Canaport in New Brunswick, Canada is a tidewater petroleum facility An example of the use of the term "tidewater" can be seen in the debate over exports of oil produced by the Athabasca oil sands
Athabasca oil sands

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Oil Tanker
Handysize , Panamax , Aframax , Suezmax , Very large crude carrier (VLCC), Ultra large crude carrier (ULCC),Ti class (ti) Built: c. 1963–present GENERAL CHARACTERISTICS Class and type: Tank ship Capacity: up to 550,000 DWT Notes: Rear house, full hull, midships pipelineAn OIL TANKER, also known as a PETROLEUM TANKER, is a merchant ship designed for the bulk transport of oil . There are two basic types of oil tankers: CRUDE TANKERS and PRODUCT TANKERS. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. For example, moving crude oil from oil wells in Nigeria to the refineries on the coast of the United States. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets
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Brent Crude
BRENT CRUDE is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent Crude is extracted from the North Sea
North Sea
and comprises Brent Blend, Forties Blend , Oseberg and Ekofisk crudes (also known as the BFOE Quotation ). The Brent Crude
Brent Crude
oil marker is also known as Brent Blend, London Brent and Brent petroleum. The other well-known classifications (also called references or benchmarks ) are the OPEC Reference Basket , Dubai Crude , Oman Crude , Urals oil and West Texas Intermediate (WTI). Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to price two thirds of the world's internationally traded crude oil supplies
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West Texas Intermediate
WEST TEXAS INTERMEDIATE (WTI), also known as TEXAS LIGHT SWEET, is a grade of crude oil used as a benchmark in oil pricing . This grade is described as light because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange
New York Mercantile Exchange
's oil futures contracts . The price of WTI is often referenced in news reports on oil prices, alongside the price of Brent crude
Brent crude
from the North Sea
North Sea
. Other important oil markers include the Dubai Crude , Oman Crude, Urals oil and the OPEC Reference Basket . WTI is lighter and sweeter than Brent, and considerably lighter and sweeter than Dubai or Oman
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Alison Redford
ALISON MERRILLA REDFORD, QC (born March 7, 1965) is a Canadian lawyer and former politician. She was the 14th Premier of Alberta , Canada, having served in this capacity from October 7, 2011, to March 23, 2014. Redford was born in Kitimat, British Columbia and grew up all over Canada and overseas before settling in Calgary
Calgary
as a teenager. In the 2008 provincial election , Redford was elected as the Member of the Legislative Assembly (MLA) for the district of Calgary-Elbow
Calgary-Elbow
. She served in the cabinet of Ed Stelmach as the Minister of Justice and Attorney General . Redford became premier upon winning the leadership of the Progressive Conservative Association of Alberta
Progressive Conservative Association of Alberta
, and on April 23, 2012, she led her party to victory in the 2012 provincial election
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Alberta
ALBERTA (/ælˈbɜːrtə/ ( listen )) is a western province of Canada
Canada
. With an estimated population of 4,067,175 as of 2016 census , it is Canada\'s fourth-most populous province and the most populous of Canada's three prairie provinces . Its area is about 660,000 square kilometres (250,000 sq mi). Alberta
Alberta
and its neighbour Saskatchewan were districts of the Northwest Territories until they were established as provinces on September 1, 1905. The premier has been Rachel Notley since May 2015. Alberta
Alberta
is bounded by the provinces of British Columbia
British Columbia
to the west and Saskatchewan
Saskatchewan
to the east, the Northwest Territories to the north, and the U.S. state
U.S. state
of Montana
Montana
to the south
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New Brunswick
NEW BRUNSWICK (French : Nouveau-Brunswick; Canadian French pronunciation: ( listen )) is one of Canada
Canada
's three Maritime provinces (together with Prince Edward Island
Prince Edward Island
and Nova Scotia
Nova Scotia
) and is the only constitutionally bilingual (English–French) province. The principal cities are Fredericton , the capital, Greater Moncton , currently the largest metropolitan (CMA ) area and the most populous city, and the port city of Saint John , which was the first incorporated city in Canada
Canada
and largest in the province for 231 years until 2016. In the Canada
Canada
2016 Census , Statistics Canada
Canada
estimated the provincial population to have been 747,101, down very slightly from 751,171 in 2011, on an area of almost 73,000 km2
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TC PipeLines
TC PIPELINES, LP (NYSE : TCP) is a publicly traded master limited partnership. TransCanada Corporation owns 24.65% of the outstanding units and controls the general partner. TC PipeLines, LP manages and owns natural gas pipelines in the United States including 46.45% of Great Lakes Gas Transmission Limited Partnership, 50% of Northern Border Pipeline Company, 100% of Gas Transmission Northwest , and 100% of Tuscarora Gas Transmission Company . TC PipeLines, LP is based in Calgary, Alberta
Calgary, Alberta
. REFERENCES * ^ "Directors". Retrieved 2015-11-07. * ^ "Company Profile for TC Pipelines LP (TCLP)". Retrieved 2008-10-16
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Energy East Pipeline
The ENERGY EAST PIPELINE was a proposed oil pipeline in Canada. It would deliver diluted bitumen from Western Canada and North Western United States to Eastern Canada, from receipt points in Alberta
Alberta
, Saskatchewan
Saskatchewan
and North Dakota
North Dakota
to refineries and port terminals in New Brunswick
New Brunswick
and possibly Quebec
Quebec
. The TC PipeLines project would convert about 3,000 kilometres of natural gas pipeline, which currently carries natural gas from Alberta
Alberta
to the Ontario-Quebec border, to diluted bitumen transportation. New pipeline, pump stations, and tank facilities would also be constructed. The CA$ 12 billion pipeline would be the longest in North America when complete
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David Alward
DAVID NATHAN ALWARD (born December 2, 1959) is a Canadian politician , who served as the 32nd Premier of New Brunswick , 2010 to 2014. Alward has been a member of the Legislative Assembly of New Brunswick since 1999 and has been the leader of the Progressive Conservative Party of New Brunswick
New Brunswick
. His party was defeated on September 22, 2014 , and Alward resigned as Progressive Conservative Party of New Brunswick leader on September 23, 2014. On April 24, 2015 Alward was named Canadian consul general in Boston. CONTENTS * 1 Early life * 2 Career * 3 Political career * 3.1 Premier of New Brunswick * 4 References * 5 External links EARLY LIFEAlward was born in Beverly, Massachusetts
Beverly, Massachusetts

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Telegraph-Journal
The TELEGRAPH-JOURNAL is a daily newspaper published in Saint John, New Brunswick
New Brunswick
, Canada
Canada
. It serves as both a provincial daily and as a local newspaper for Saint John. The newspaper is published by Brunswick News, owned by the privately held J.D. Irving , of the Irving Group of Companies , with stakes in forestry, shipbuilding and consumer products. The Telegraph-Journal
Telegraph-Journal
is the only New Brunswick-based newspaper to be distributed province-wide and has the highest readership in the province at a weekly circulation of 233,549 and a daily readership of over 75,000. Brunswick News also publishes a series of editions of regional news, including editions in Fredericton and Moncton under the titles “Daily Gleaner” and “Times "> * ^ Poitras, Jacques (2015). Irving vs. Irving. Penguin. Retrieved 29 March 2017
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Reuters
REUTERS (/ˈrɔɪtərz/ ) is an international news agency headquartered in London
London
, United Kingdom
United Kingdom
. It is a division of Thomson Reuters
Reuters
. Until 2008, the Reuters
Reuters
news agency formed part of an independent company, Reuters Group plc , which was also a provider of financial market data. Since the acquisition of Reuters Group by the Thomson Corporation
Corporation
in 2008, the Reuters
Reuters
news agency has been a part of Thomson Reuters, making up the media division. Reuters
Reuters
transmits news in English , French , Arabic , Spanish , German , Italian , Portuguese , Russian , Japanese , Korean , Urdu , and Chinese . It was established in 1851
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Argus Sour Crude Index
The ARGUS SOUR CRUDE INDEX (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts. The ASCI methodology creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil. The three crude oil grade components are Mars, Poseidon, and Southern Green Canyon. Thus the daily ASCI price published by Argus Media Ltd represents the value of US Gulf coast medium sour crude oil. MARKET ADOPTIONThe Argus Sour Crude Index (“ASCI”) has been adopted as the benchmark price for sales of crude oil by Saudi Aramco (in 2009), Kuwait (in 2009) and Iraq (in 2010). Contracts based upon ASCI are listed on the world's two largest oil exchanges, the CME Group New York Mercantile Exchange ( NYMEX
NYMEX
) and the Intercontinental Exchange (ICE)
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Bonny Light Oil
BONNY LIGHT OIL is a high grade of Nigerian
Nigerian
crude oil with high API gravity (low specific gravity ), produced in the Niger Delta basin and named after the prolific region around the city of Bonny . The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent. Other grades of Nigerian
Nigerian
crude oil are Qua Iboe crude oil , Brass River crude oil , and Forcados crude oil . The Cabinda crude oil is a common grade of crude oil produced in Angola
Angola
. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income for the oil-rich nation
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Dubai Crude
DUBAI CRUDE is a medium sour crude oil extracted from Dubai
Dubai
. Dubai Crude is used as a price benchmark or oil marker because it is one of only a few Persian Gulf
Persian Gulf
crude oils available immediately. There are two other main oil markers: Brent Crude
Brent Crude
and West Texas Intermediate . Dubai
Dubai
Crude is generally used for pricing Persian Gulf
Persian Gulf
crude oil exports to Asia
Asia
. The Dubai
Dubai
benchmark is also known as FATEH, used in the United Arab Emirates
United Arab Emirates
. Forward trade of Dubai
Dubai
Crude is limited to one or two months. Dubai
Dubai
Crude is a medium oil
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