Whitegate oil refinery gets €120m injection ahead of expected sale

American oil giant Phillips 66 has pumped more than €120 million into the Whitegate oil refinery ahead of its expected sale in the coming weeks.

Whitegate in Cork is the state’s only refinery and processes more than 70,000 barrels of oil a day. Its future has been up in the air for a number of years as Texas-based Phillips 66 has explored its options around the site. This weekend, a 15-year contract with ...