Phillips 66 unlikely to announce Whitegate future

Phillips 66 is unlikely to make any announcement on the future of the Whitegate oil refinery when it releases quarterly results today.

It was reported earlier in the week that the Texas-based company could be about to make an announcement regarding the future of Ireland’s sole refinery when it publishes its second quarter financial results but sources close to the company have indicated that no update will be forthcoming.

A spokesperson for Phillips 66 (P66) said that the marketing process is ongoing with significant interest from potential buyers.