Irving Oil Limited and Irving Oil Terminals Inc., In the Matter of

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In the Matter of Irving Oil Limited, a Canadian corporation, and Irving Oil Terminals Inc., a corporation
FTC Matter/File Number:

1010021

Enforcement Type:

Part 2 Consents

Case Summary

The Commission required Irving Oil Terminals Inc. and Irving Oil Limited to relinquish the rights to terminal and pipeline assets in Maine that Irving acquired from ExxonMobil, to maintain competition in gasoline and distillates terminaling services in the South Portland and Bangor/Penobscot Bay areas. The proposed settlement resolves the FTC’s charges that the acquisition is anticompetitive and could result in higher gasoline and diesel prices for consumers.