Government in bid to continue oil refining

The Government is trying to design a scheme in conjunction with the EU to continue oil refining in Ireland, following the end of the legal obligation on the owners of Whitegate oil refinery in 2016.

The Whitegate oil refinery was withdrawn from sale after it failed to attract any bids that met Philips 66’s minimum requirement for the sale to proceed.

However, the Whiddy Oil Terminal in Bantry Bay has received a number of expressions of interest meeting the minimum requirement for its sale, meaning that its sale will proceed to the next round of negotiations.