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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]
It was the first reported commercial natural gas discovery in Ireland since the Kinsale Head gas field was discovered in 1971. [ 4 ] [ 5 ] The first appraisal well was drilled in 1997. [ 6 ] A number of consents and approvals to develop the Corrib Project were issued in 2001.
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.
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.
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Ireland's County & City Enterprise Boards (CCEBs) ran from 1993 to 2014. They were established in 1993, as companies limited by guarantee, during a time of high unemployment (15.1%) and limited opportunity for business. They were given statutory status under the Industrial Development Act of 1995.
In 2002, planning permission for a proposed refinery in County Mayo was refused by the appeals board after Senior Planning Inspector Kevin Moore concluded that "From a strategic planning perspective, this is the wrong site; from the perspective of Government policy which seeks to foster balanced regional development, this is the wrong site ...
Enterprise Ireland was established by the Industrial Development (Enterprise Ireland) Act 1998, superseding two earlier bodies: Forbairt and An Bord Tráchtála. [2] [3] Forbairt was established in 1993 as part of Forfás, [4] to make industrial development grants, [2] [5] while An Bord Tráchtála was established in 1991 through the merger of the Irish Goods Council and Córas Tráchtala [2 ...