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

The owners of Ireland’s only oil refinery at Whitegate, Co Cork have confirmed there is significant interest in the facility after the Irish Examiner revealed last week that a sale was close to completion.

The sale of Whitegate oil refinery could be announced as early as next week with negotiations believed to be at an advanced stage.