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| Coryton refinery shipments start as deal signed | |
| (40 minutes later) | |
| Administrators handling the future of the Coryton oil refinery in Essex have signed a deal to allow shipments of fuel to restart immediately. | 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. | 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. | 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." | 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. | |
| 'Business as usual' | |
| 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." | |
| About 500 people work at the refinery, which also employs 350 contractors. | |
| A spokeswoman for PRML said the commencement of supplies was positive news for those employed at the site although she refused to comment on job losses. | |
| "The priority for administrators was to continue operating the refinery," she said. | |
| "Clearly, now that this arrangement has been agreed with the customers, they can carry on with business as usual." |