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To avoid closure of Ireland's only refinery, and become completely reliant on foreign imports, the refinery was purchased by the INPC in 1982. [5] The Fuels (Control of Supplies) Order 1982 mandated that all importers of petroleum to Ireland purchase a proportion from the INPC, to ensure the refinery's success. [5]
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The Whitegate refinery, near Whitegate, County Cork, is Ireland's only oil refinery. It has a capacity of 75,000 barrels of oil per day (bpd), sufficient to provide 40 percent of Ireland's fuel requirements. It was commissioned in 1959 and was redeveloped several times and produces a range of petroleum products.
The WRC's Information and Customer Service Division provides advice and guidance to employees and employers on employment law rights, equality rights and industrial relations. [9] New regulations in 2024 introduced on-the-spot fines for breaches in employment laws, pertaining to redundancies, contracts, and distribution of tips and gratuities. [10]
The National Oil Reserves Agency holds about 72% of its oil stocks in Ireland, and the balance abroad. In Ireland stocks are held in some of the above oil storage facilities including Dublin, Cork (Whitegate Refinery), Whiddy Island (Bantry Bay), Foynes, Shannon, Tarbert (power station), and Galway.
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Petróleos de Portugal - Petrogal, S.A. and its subsidiaries carry out activities in the area of crude oil refining and marketing. Galp Gas & Power SGPS, S.A. and its subsidiaries operate in the natural gas, electricity and renewable energy sectors. Galp Energia, S.A., a company that operates and integrates the corporate services.
The Electricity Supply Board (ESB; Irish: Bord Soláthair an Leictreachais) is a state owned (95%; the rest are owned by employees) electricity company based in Ireland with operations worldwide. While historically a monopoly, the ESB now operates as a commercial semi-state concern in a "liberalised" and competitive market.