HOUSTON, Sept 12 U.S. independent refiner
Phillips 66 has potential buyers interested in its
Ireland refinery, Chief Executive Greg Garland told analysts on
"We do have people interested in Whitegate," he said of the
71,000 barrels-per-day (bpd) plant in Cork, during a webcast of
his presentation at the Barclays Energy-Power Conference in New
York. He declined to elaborate, but analysts had speculated that
buyers would be tough to find.
Europe's refineries have struggled because of overcapacity
and they lack the operating cost advantage that cheap natural
gas prices gives U.S. refineries.