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Murco: 400 jobs saved with Milford Haven oil refinery sale | Murco: 400 jobs saved with Milford Haven oil refinery sale |
(about 2 hours later) | |
A sale has been agreed on the closure-threatened Murco oil refinery in Milford Haven, safeguarding 400 jobs. | A sale has been agreed on the closure-threatened Murco oil refinery in Milford Haven, safeguarding 400 jobs. |
Workers feared the worst when a £300m deal to save the plant collapsed in April. | |
The future of the refinery had been in doubt since owner Murphy Oil announced it was no longer buying crude oil to be processed at the site. | The future of the refinery had been in doubt since owner Murphy Oil announced it was no longer buying crude oil to be processed at the site. |
But on Thursday, the Klesch Group confirmed that it had signed the purchase agreement for the site. | |
Klesch Group founder, Gary Klesch, told BBC Wales he was "excited" by the takeover and confirmed he would be keeping the plant's current workforce. | |
"Early this morning we signed a purchase agreement with Murphy Oil, we're now contracted to buy it," he said. | "Early this morning we signed a purchase agreement with Murphy Oil, we're now contracted to buy it," he said. |
"We will be processing cargo, it buys crude oil and converts it into oil products." | "We will be processing cargo, it buys crude oil and converts it into oil products." |
"It's good news for the site and for the whole area. I'm excited to become involved in the community there," he added. | |
Bryan Kelly, of Murphy Oil Corporation, said the firm had worked "tirelessly" to find a solution that would keep the refinery open and he was delighted a positive outcome had been reached. | |
"The company is extremely grateful for the patience and professionalism of Murco employees, without whom a deal would not have been possible," he added. | |
The refinery has been a major employer at the port since it opened in 1973. | The refinery has been a major employer at the port since it opened in 1973. |