Displaying items by tag: Sold to Canadian Company
4th August 2016
Sold Whitegate Oil Refinery to Canadian Company
#WhitegateSold - Cork Harbour, the location of the Whitegate oil refinery has been sold to Canadian company Irving Oil, writes the Irish Examiner.
The country’s sole refinery will remain operational and all staff will continue to be employed, according to its new owners.
The sale of the refinery comes after a protracted sales process and the expiration of an obligation on the facility’s previous owner Phillips 66 to operate the refinery until the end of July 2016.
“We are pleased to have signed an agreement to purchase the Whitegate refinery,” says Arthur Irving, Chairman of Irving Oil.
“It’s a good day for our company and we’re looking forward to welcoming the Whitegate team to Irving Oil.
Mr Irving’s comments were echoed by company President, Ian Whitcomb who acknowledged Whitegate’s importance to Ireland’s fuel supply.
For more on the story, click here.
Published in
Cork Harbour
Tagged under
