(Saint John) Irving Oil said Wednesday it is conducting a strategic review and considering a series of options for its future, including a possible sale of the business.

In a statement posted on its website, the company said a new ownership structure, full or partial sale or change to its portfolio of assets and the way it operates them will be considered.

The company says it will evaluate its options in the coming month.

The statement is signed by President Arthur Irving, President Ian Whitcomb and Executive Vice President Sarah Irving.

Irving Oil operates the largest oil refinery in Canada and the only refinery in Ireland.

The company also has more than 900 service stations and a network of distribution terminals.