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Murco: Petrol stations sold after Milford Haven refinery sale | Murco: Petrol stations sold after Milford Haven refinery sale |
(35 minutes later) | |
The firm selling the Murco oil refinery in Milford Haven has announced that it all of its UK petrol stations will also be sold. | |
Murphy Oil revealed in July that a purchase agreement had been signed with the Klesch Group, safeguarding 400 jobs at the refinery. | |
On Monday it said 228 its petrol stations, of which 78 are in Wales, are being sold to Motor Fuel Group (MFG) in a deal Reuters say is worth £200m. | |
They will continue to operate as Murco. | They will continue to operate as Murco. |
MFG currently operates about 60 petrol station forecourts in Britain including some operated under the BP and Total brands. | MFG currently operates about 60 petrol station forecourts in Britain including some operated under the BP and Total brands. |
Murphy Oil put its British refining and retail subsidiary Murco up for sale more than two years ago. | |
The company said in a statement: "Murphy is pleased to announce the signing of this agreement, following closely the signing of the agreement for the sale of the Milford Haven refinery." | The company said in a statement: "Murphy is pleased to announce the signing of this agreement, following closely the signing of the agreement for the sale of the Milford Haven refinery." |
The deal is expected to be done by 30 September, it added. | The deal is expected to be done by 30 September, it added. |
It is a month before the deal for the Milford Haven refinery is set to complete. | It is a month before the deal for the Milford Haven refinery is set to complete. |
The future of the refinery had been in doubt since Murphy announced it was no longer buying crude oil to be processed at the site. | The future of the refinery had been in doubt since Murphy announced it was no longer buying crude oil to be processed at the site. |
Workers were already fearing the worst when a £300m deal to save the plant collapsed in April. | Workers were already fearing the worst when a £300m deal to save the plant collapsed in April. |
But the deal with the Klesch Group was greeted with "relief" and described "great news for workforce and for Wales". | But the deal with the Klesch Group was greeted with "relief" and described "great news for workforce and for Wales". |