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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.