The Irish subsidiary of ConocoPhillips, the US oil giant that operates the Whitegate oil refinery in Cork, made profits of $28 million last year on the back of increasing turnover.
The company, which employs 182 people in Ireland, reported a 15 per cent rise in turnover to $2.3 billion last year. Its 2007 profits were up from $19 million in 2006.
The firm’s directors reported that it was in ‘‘a period of steady but low-level growth’’ after the departure of some of...
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