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Phillips 66 in final stages of selling Ireland's only oil refinery - sources

Reuters - UK Focus

LONDON, May 21 (Reuters) - U.S (Other OTC: UBGXF - news) . independent refiner Phillips 66 is in the final stages of selling the only oil refinery in Ireland (Other OTC: IRLD - news) , a source familiar with negotiations said on Saturday.

Responding to a report on the Irish Examiner website, which said an agreement to sell the Whitegate refinery would be reached within the coming weeks, the source said a deal was "in the offing".

The Examiner said ArcLight Capital, Irving Oil, UK-based PTFPlusOne and Valero Energy were in the running, and that Irving Oil were the frontrunners.

It (Other OTC: ITGL - news) was unclear whether the potential buyers intended to keep the plant open or close it and use it for storage only. (Reporting by Simon Falush, writing by Andy Bruce; Editing by Kevin Liffey)