US-based oil refiner Phillips 66 may sell Whitegate refinery - The Irish Times - Sat, Mar 09, 2013
UPDATE 1-Phillips 66 may shed some non-US refineries -executive | Reuters
Phillips 66 mulls selling refineries in Ireland, Germany, Malaysia - Energy Business Review
Department in talks with Philips 66 over refinery plans | Irish Examiner
Looks like after a very short ownership, Phillips 66 seem keen to offload what they consider an "unsophisticated" refinery.
I heard locally that the investment required to bring it up to speed is huge, as it is operating more or less on 1950s technology. Its jetty can only handle one supertanker at a time, and it is a long way from the refinery to the National road network. Worth noting that the majority of the road linking it to Midleton, 13km away was built by the original refinery operators, to allow the heavy plant be driven to the construction site.
It provides 40% of irelands refining needs.
Who will buy?
Regardless of the need to reduce our Oil dependence, it should still be mandatory for us to at least have our own refining capacity, and not rely on world market variables for our refined product requirements.