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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.
Hundreds of jobs were put at risk when a £300m deal to save the plant collapsed in April. 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 of 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. 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."
Mr Klesch also confirmed he would be keeping the plant's current workforce. "It's good news for the site and for the whole area. I'm excited to become involved in the community there," he added.
"It's good news for the site and for the whole area. I'm excited to become involved in the community there," he said. 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.