US Phillips 66 ‘evaluating opportunities’ to sell Ireland refinery

30 October 2013 15:58  [Source: ICIS news]

HOUSTON (ICIS)--Phillips 66 is “evaluating opportunities” in regard to selling its refinery in Ireland, an executive with the US-based refiner said on Wednesday.

Phillips 66 announced over the summer that it planned to sell the Whitegate facility, the country’s only refinery, as well as its other business assets in the European country.

Those plans are progressing, said Tim Taylor, an executive vice president with Phillips 66. He made his comments on Wednesday during a Q3 earnings conference call.

Phillips 66 has retained Deutsche Bank to market the business, including the 71,000 bbl/day Whitegate refinery, an associated wholesale marketing business and a crude and oil refined-products storage terminal in Bantry Bay.

By: Jeremy Pafford
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