January 26, 2012

Coryton refinery shipments start as deal signed

Administrators handling the future of the Coryton oil refinery in Essex have signed a deal to allow shipments of fuel to restart immediately.
Jobs at the refinery were under threat after Swiss owner Petroplus said it would file for bankruptcy on Tuesday.
Administrators PRML entered into agreements overnight to allow oil to be shipped from the site.
Administrator Steven Pearson said: "I am pleased that we are able to resume fuel supplies in the region."
Fears were raised diesel supplies could be disrupted after Petroplus announced it intended to file for bankruptcy "as soon as possible".

The refinery supplies 20% of south-east England's fuel.
As well as refining oil for use as fuel, the Coryton site - which is one of eight refineries in the UK - also imports fuel from other countries which has already been refined.
Mr Pearson said: "The team has worked collaboratively with customers to get to this stage so quickly."

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