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Murco: Petrol stations sold after Milford Haven refinery sale | Murco: Petrol stations sold after Milford Haven refinery sale |
(about 7 hours later) | |
The firm selling the Murco oil refinery in Milford Haven has announced that all of its UK petrol stations will also be sold. | |
Murphy Oil revealed in July that a deal had been signed with the Klesch Group, safeguarding 400 jobs at the refinery. | |
On Monday it said 228 of its petrol stations - 78 in Wales - are being sold to Motor Fuel Group (MFG) in a deal Reuters say is worth £200m. | |
The petrol stations will retain the Murco brand and name. | |
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 fuel 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. |
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". |
Brian Madderson, chairman of the Petrol Retailers Association, said MFG will also take over the responsibility for transporting fuel to all 78 stations in Wales. | |
He said: "This is a really positive piece of news and there's no reason to be concerned. The fuel stations should remain accessible to the communities they serve." |