Whitegate oil refinery back on the market after €263m loss

The parent company of Whitegate oil refinery has confirmed that the country’s only such facility is back on the market after it reported losses of more than $280m (€263.13m) last year.

The future of Ireland’s sole oil refinery has been shrouded in uncertainty for more than 18 months since its parent group, Phillips 66 pulled the plug on its sales process in early 2014 having failed to find a buyer.

The decision to recommence the process of finding a buyer for Whitegate and its wholesale marketing business has now been confirmed by the Texas-based company.