31/07/2014

Deal Done To Save Murco Oil Refinery

Four hundred jobs have been saved at the Murco oil refinery in Milford Haven after a buyer was found for the site.

The refinery was facing closure following an announcement by owners Murphy Oil that it would no longer be buying crude oil for Murco to process.

In April an alleged £300m deal that would have kept the site open fell through and it looked like all four hundred jobs at the refinery would be lost.

It has now been confirmed that the Klesch Group has singed a purchase a agreement for Murco oil refinery.

Klesch Group is said to be "excited" about taking on the refinery and becoming "involved in the community there."

(MH/CD)

Related UK National News Stories
Click here for the latest headlines.

22 February 2013
Fuel Shortage Fears As BP Tanker Strike Begins
A potential BP fuel shortage is feared as 40 of the company’s tanker drivers begin a three-day strike over a pension and pay dispute. The drivers, based at the Grangemouth oil refinery west of Edinburgh, are in dispute after BP transferred 15 drivers who specialise in supplying aviation fuel to airports to work for the delivery firm DHL.
26 June 2009
Lindsey Oil Refinery Agreement Reached
A deal to end the bitter oil refinery dispute which saw hundreds of workers walk out across the country, has been agreed, according to unions. Following long talks with union leaders and employers of contract staff at the Lindsey oil refinery, an agreement was reached - understood to involve the reinstatement of the 647 construction workers.
25 April 2008
Shutdown Of Grangemouth Oil Refinery Complete
The shutdown of Grangemouth oil refinery has been completed in preparation for a two-day strike by staff over pensions. The Ineos plant which is Scotland's main fuel supplier, processing 210,000 barrels of oil a day has never been completely shut down.
04 February 2009
Deal Reached In 'Foreign Labour' Row
Union leaders are calling for an end to wildcat strikes, after a deal was reached over the ongoing dispute over the use of foreign workers. British workers have been offered 50% of the disputed jobs at the Lindsey Oil Refinery in Lincolnshire.
15 November 2013
Green Light For £4bn Investment In 140m Barrel Oil Field Development
EnQuest, the largest UK independent oil company in the UK North Sea, has given its go-ahead for a £4bn investment in the 140m barrel oil field Kraken development.