Irving Oil finalizes purchase of Whitegate refinery from Phillips 66
Irving Oil has finalized its purchase and sale agreement with Houston-based energy, manufacturing and logistics company Phillips 66 to acquire the Whitegate refinery located near Cork, Ireland. The agreement was announced by Irving Oil on August 3, with an expectation that the transaction would close by the end of Q3 once all conditions of the sale were met.
With the transaction finalized, Irving Oil has assumed full ownership of the refinery and will continue full operation of the facility, including maintaining its existing workforce.
"Whitegate is a great facility, and is a good fit for our company," says Arthur Irving, Chairman of Irving Oil. “We are happy to welcome the Whitegate team to Irving Oil and we are looking forward to working together."
As the country’s sole refinery the Irving Oil Whitegate Refinery will continue to provide a secure and reliable supply to its existing customer base.
"We will work hard to ensure that existing relationships with customers and the community remain strong, and we look forward to establishing new relationships," says Sarah Irving, Executive Vice President of Irving Oil. "It is an exciting time for our company and we welcome the team at Whitegate to Irving Oil."
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