How an Irish oil refinery will transform Ireland’s oil boom
Oil refineries are in demand from both major international oil companies and from smaller international oil and gas companies as they continue to diversify their production.
However, with the global oil market expected to peak in 2021, the development of an Irish-style oil refinery has long been a priority for the country’s oil industry.
An oil refinery in the town of Kilkenny in western Ireland is the first of its kind to be built and the first in the UK, said Dr David O’Brien, head of the Kilkennies Oil Refinery Group.
The project, which has a capacity of up to 5 million barrels of oil per day, is expected to generate an additional 200 jobs when it opens in 2019.
It will be the largest refinery in Ireland and it will be operated by Irish Oil Group Ltd, which is owned by British oil company BP.
The refinery is expected be able to produce up to 20 million barrels per day and will be used by BP for its own purposes.
The site is situated in the south of the town, about 25km north of Cork city, and is surrounded by fields, an oil well and a gas field.
There will be a number of sites in the pipeline for future oil refineries in Ireland.
One of the main benefits of the project is that the refinery will be in a location close to the existing pipeline that is currently in place.
In the early days of the boom in the Irish oil industry in the 1970s, it was estimated that there were between 500 and 1,000 refineries operating across the country.
The industry is also growing in number, with an estimated 80,000 barrels per year in the US and about 30,000 in Europe.
The Kilkenna refinery will not only supply the UK with oil but will also help the Irish economy as a whole, said the president of the Irish Oil Refining Industry Association (IORIA).
“It is going to create jobs for Irish citizens, it will help the country to be economically stronger, and it’s going to bring in more investment in the area,” said Dr O’Connor.
The IORIA has been campaigning for the construction of an oil refinery since the 1980s, but the project has remained unbuilt for decades.
However it has received support from a number other groups and, in July, the Irish Government signed an agreement with BP to fund the construction and operating of the facility.IORAA president Richard O’Dell said the refinery was the first time the industry had received such an investment and the construction could be a game changer.
“It will generate hundreds of jobs and it is going a long way in helping to support our economy,” he said.
“We need more of this kind of infrastructure.
We are not seeing enough of it in Ireland.”IORISA has been lobbying the Government for an investment of up $10 billion in the country for years and has been working with local councillors to convince them that the infrastructure was needed and needed to be done.”
The oil industry is in a very good position right now and we are hoping that we will be able, in time, to have a refinery in Kilkenagh as well,” said Mr O’Connell.
The pipe to the refinery would be built by the Irish state and will allow oil to be transported into the city from the UK.
The pipe would then be connected to the oil tankers, and then the pipe would be routed through a pipeline to the plant in the harbour.
It would then flow to a storage tank for oil and natural gas.
The company said it expects to pay around $3 million per year for the refinery and that this is in line with the average price of oil.
However the Irish government is concerned that it could be very expensive for the company to keep up with its costs, and its plans to invest in infrastructure and facilities could lead to the construction not being completed until the end of 2019.
“One of our key objectives is to have an industrial site in the city of KilKenny where we can have a site that’s going in line, that is going in the right direction and we’ll get that going,” said Minister for Industry, Energy and Regional Development Michael McGrath.
The Department of Energy and Climate Change (DECC) is due to release the next phase of the planning application for the KilKenna refinery.