Written answers

Thursday, 19 October 2006

Department of Communications, Energy and Natural Resources

Company Takeovers

5:00 pm

Photo of Kathleen LynchKathleen Lynch (Cork North Central, Labour)
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Question 91: To ask the Minister for Communications, Marine and Natural Resources if the recent failure of the Competition Authority to examine a takeover (details supplied) may effect the development of a competitive and cost-effective biofuels network and a secure liquid fuels delivery network; and if he will make a statement on the matter. [33430/06]

Photo of Noel DempseyNoel Dempsey (Meath, Fianna Fail)
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It is not anticipated that the acquisition by Topaz Energy of the retail and commercial business of Statoil will have any implications for the supply of oil into Ireland. While biofuels are not widely available across the country through the petrol station network at present, I do not expect that this acquisition will have any impact on ambitions to progressively mainstream biofuels within the fuel supply sector.

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