Phillips 66 pulling out of sale of Irish refinery


Phillips 66 (PSX +0.2%) is pulling out of the sale of its Whitegate refinery in Ireland after receiving limited interest since putting it on the block last year, CEO Greg Garland said yesterday.

Garland said last September that potential buyers were interested in the 71K bbl/day plant - the only refinery operating in Ireland - but said on Sunday that PSX told the Irish government it had ended the sales process.

PSX plans to continue with the sale of a nearby refined products storage terminal, and says it is committed to running Whitegate until mid-2016.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs