The new owners of the country’s only oil refinery, Whitegate, Co Cork, have confirmed it is their “full intention” to run the facility as an operating refinery over the long-term and maintain its entire workforce of close to 300 employees.

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

The newly appointed Energy Minister Denis Naughten has no intention of meeting companies interested in buying the country’s only oil refinery.

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.

Ireland’s fuel supply could be “extremely vulnerable” and the country left depending on the goodwill of the UK if British voters choose to leave the European Union and the future of Whitegate oil refinery isn’t secured.

A UK-based company has expressed an interest in acquiring Whitegate oil refinery, and claims that it will retain all of its current workforce if successful.

The future of the country’s sole oil refinery could be secured through a joint venture or by branching into cleaner fuels, a leading analyst has claimed.

The firm that operates the State’s only oil refinery has received a cash injection of $200m (€179.9m).

Firefighters in Cork county are responding in less than 10 minutes to one in three fires.

The Government is unable to guarantee the operation of the Whitegate oil refinery once an obligation to operate it expires in a year, according to a department spokesperson.

The Whitegate oil refinery, which its parent company has confirmed may yet be sold, is significantly loss-making, according to its most recent annual accounts.

The Government has been urged to set up a taskforce to secure the future of the country’s only oil refinery and nationalise it in the process.

THE continuing uncertainty over the operation of Ireland’s only oil refinery, at Whitegate in Cork Harbour, could have serious implications for the State’s energy supplies and consequently for our economy.

The potential sale of the country’s only oil refinery in Whitegate, Co Cork is back on the table despite its parent company appearing to pull the plug on the sales process last year.

The Port of Cork’s container terminals at Tivoli and Ringaskiddy showed “exceptional growth” last year, recording a 13% increase on 2013 and handling in excess of 10m tonnes of cargo.

Agreement has been reached to sell the Whiddy Island oil terminal in Bantry, which holds a third of Ireland’s strategic oil reserves, to the US startup, Zenith Energy.

The firm that operates the State’s only oil refinery plunged into the red last year to record pre-tax losses of $42.48m (€32.17m). 

Energy Cork has become the country’s largest energy cluster just 12 months after it was founded, with more than 50 companies now participating.

Cork is poised to lead a transport energy revolution, one of the country’s leading energy bosses has predicted.

The future of Ireland’s only oil refinery, Whitegate in East Cork, is in jeopardy after being put up for sale by its owners, who are also selling the massive oil storage terminal in Bantry Bay.

The Department of Communications, Energy and Natural Resources is engaging with Philips 66 following its announcement that it may sell the country’s only oil refinery at Whitegate in East Cork.

Cork supplies 25% of Ireland’s energy needs but uses 13%, writes Kieran Lettice

Stocks edged higher today on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation announcement of Italy's Prime Minister.

Close to 25% of Ireland’s energy requirements are provided from a single square mile in East Cork.

Cork is seeking to capitalise on its energy resources, both conventional and renewable, through the establishment of Energy Cork.

Tighter gross margins at the company that operates the State’s only oil refinery resulted in the firm recording a pre-tax loss of $34.4m (€26.9m) last year.

Tighter gross margins at the company that operates the State’s only oil refinery resulted in the firm recording a pre-tax loss of $34.4m (€26.9m) last year.

The Cork region cannot allow the delays which have frustrated the development of the Corrib gas field hamper the potential of Ireland’s first commercial oil find at Barryroe, Cork Chamber president John Mullins declared yesterday.

US petrol at the pump may have reached its annual peak the earliest in 14 years, amid rising oil supply, easing Middle East tensions and the takeover of refineries that were threatened by closure.

Delta Air Lines said that it will buy a refinery near Philadelphia in the hope of slicing $300m (€226.6m) a year from its jet fuel bill.

Today marks the first day of operations of Phillips 66 oil refinery and storage facilities in Ireland.