Sale of Prince George refinery completed

Husky's Prince George refinery | Photo: Husky Energy

Husky Energy has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure, the company said Friday.

The transaction is worth $215 million in cash, plus a closing adjustment of about $53.5 million.

It includes a contingent payment to Husky of up to $60 million over two years, and the company has entered into a five-year offtake agreement with Tidewater for refined products from the refinery.

Prince George Citizen