Jump to content
House Price Crash Forum
Sign in to follow this  
Sancho Panza

The Uk Is Losing One Of Its Seven Oil Refineries - Milford Haven-350 Jobs To Go

Recommended Posts

Telegraph 5/11/14

'The owner of Milford Haven, one of Britain’s seven remaining oil refineries, is to axe a “significant number” of jobs and partially close the site after sales talks collapsed.

Murco, which runs the refinery in Pembrokeshire, revealed on Tuesday night that discussions with Klesch Refining Limited had failed, despite US entrepreneur Gary Klesch gaining clearance from EU regulators last month for a deal that was still subject to conditions.

The Telegraph understands that around 350 jobs are expected to be lost, out of a total of 370 full-time staff and up to 150 contractors.

The collapse of the deal means Murco will shut down and decommission the refinery part of Milford Haven, which processes 135,000 barrels of crude oil each day, contributing about a tenth of the UK’s refined products output. '

Share this post


Link to post
Share on other sites

Telegraph 5/11/14

'The owner of Milford Haven, one of Britain’s seven remaining oil refineries, is to axe a “significant number” of jobs and partially close the site after sales talks collapsed.

Murco, which runs the refinery in Pembrokeshire, revealed on Tuesday night that discussions with Klesch Refining Limited had failed, despite US entrepreneur Gary Klesch gaining clearance from EU regulators last month for a deal that was still subject to conditions.

The Telegraph understands that around 350 jobs are expected to be lost, out of a total of 370 full-time staff and up to 150 contractors.

The collapse of the deal means Murco will shut down and decommission the refinery part of Milford Haven, which processes 135,000 barrels of crude oil each day, contributing about a tenth of the UK’s refined products output. '

Probably consistent with the reduction in fuel usage in the UK over the past few years.

Share this post


Link to post
Share on other sites

Probably consistent with the reduction in fuel usage in the UK over the past few years.

No it has never made a profit for the current owners,about six years ago they took the last throw of the dice by investing in an expatiation of there diesel production which cost millions the owner said then it would either sell the plant or move it to Asia if there was no profit in the next year and it has been up for sale ever since

Basically the owner blamed the high taxes levied on fuel in this country making non viable

Share this post


Link to post
Share on other sites

From a friend in the industry at Fawley, diesel production is targeted (non-optimally) in UK plant designed originally for petrol production. (Much) bigger purpose built diesel production refineries exist elsewhere and the operational efficiency differences combined with the larger scale are enough to put the screws on UK sites.

Share this post


Link to post
Share on other sites

From a friend in the industry at Fawley, diesel production is targeted (non-optimally) in UK plant designed originally for petrol production. (Much) bigger purpose built diesel production refineries exist elsewhere and the operational efficiency differences combined with the larger scale are enough to put the screws on UK sites.

That is the long and the short of it priced out of the market, India has just opened a refinery that dwarfs the total output of all the UK production

Share this post


Link to post
Share on other sites

I once applied to get a job at Fawley , I didn't get it though. When you drive past the site at sun rise, it looks like something out of Blade Runner.

gb03_fawley_refinery_sunrise1_thm.jpg

Edited by 200p

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   218 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.