Fri, 23 Jul 2010 | BUSINESS SALE
The American owners of a Milford Haven refinery have decided to commence a sale process as they prepare to exit the refining business.
US-based Murphy Oil will also dispose of its plants in Wisconsin and Louisiana, as well as its British petrol station network Murco.
Opened in 1973, the refinery has always been a major employer in the area, and currently has 370 employees.
Murphy Oil’s division Murco has owned the plant since 2007. It is expected that a sale of the refinery will complete early next year.
The Milford Haven plant is capable of processing over 5 million tonnes of crude oil per year. It also makes propane and butane, usually used for cooking, kerosene for aircraft fuel and fuel oil for ships.
John Allen-Mirehouse, the Pembrokeshire council deputy leader, said, “Obviously the announcement today by the Murphy Oil Corporation is of great concern to the authority, but it is worth noting that of the nine oil refineries in the United Kingdom, six of them are currently for sale.”
“If all the refineries in the UK were to close, the national UK government would have a major strategic problem over the security of the country’s oil supplies.”
Separately, Chevron announced in March that it is seeking a buyer for its refinery in Pembrokeshire, which has about 1,400 staff.
Provides a comprehensive range of training courses covering health, safety and wellbeing, leadership, people development and IT, as well as specialist programmes aimed at the police and other emergency response services.
The company offers global IT transition and transformation, information and cyber security, quality assurance and testing, risk management, architecture and design, data intelligence, compliance, certification and audit, desktop engineering, IT servi...
The company provides turnkey planning solutions for luxury events, such as weddings, corporate events, and private parties. As well as high-end weddings and parties, events include film premiers, TV show closing parties, major corporate events, char...
|
12
|
|
Nov
|
Hi-fi firm Rega tunes into employee ownership | BUSINESS SALE
Half a century old hi-fi manufacturer Rega Research has turn...
|
12
|
|
Nov
|
Management take the wheel at coach tour firm LSG | MBO/MBI
The management team of battlefield, bridge and knitting coac...
|
12
|
|
Nov
|
UK administrations update: November 5 – 12 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
12
|
|
Nov
|
Unseen makes acquisition number 8 with Sten10 | BUSINESS SALE
Manchester-based Unseen Group has continued its expansion dr...
|
12
|
|
Nov
|
UK administrations update: November 5 – 12 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
12
|
|
Nov
|
Management take the wheel at coach tour firm LSG | MBO/MBI
The management team of battlefield, bridge and knitting coac...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.