The possible sale of Ireland’s only oil refinery in Whitegate, Co Cork is back on the table despite parent company, Phillips 66, appearing to pull the plug on the sales process last year.
The US multinational energy company recently confirmed to Irish Newspaper, The Irish Examiner, that it is considering selling the refinery, which employs 300 people in East Cork, but again reiterating that that, longer-term, it expects that the “asset will be challenged”.
The ageing refinery’s future has been shrouded in uncertainty for a considerable period of time with little progress being made in terms of securing its longer-term future.
Phillips 66 are under a contractual obligation to the Irish Government to operate the facility until July 2016.
Read more about this story:
http://www.irishexaminer.com/business/whitegate-refinery-sale-is-still-on-342389.html
http://www.irishexaminer.com/business/loss-making-refinery-faces-uncertain-future-342609.html
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