Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Kevin McPartlan:

At present we have one refinery in Ireland, which is Whitegate in Cork. From memory it produces 30% to 40% of our total fuel required in the country. It also produces biodiesel. The rest comes in as finished product. This is a globally fungible commodity. I heard a story today of a ship that was going to Argentina but got turned around in the middle of the Atlantic and brought back to the UK because that was where the deal was best for it. It will come from wherever it is needed. We have to recognise what this might mean. We have existing supply chains, relationships and suppliers. In a number of cases we are trying to unwind from these because of connections to Russia. We do not want to support that regime. We must now find new ones. This is happening. For some of them it may be with regard to a supplier. It may be "O'Rourke oil" in North America or the Middle East. It may be a broker.

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