The collapse of State Oil, owner of the Prax Lindsey refinery, into administration has sparked urgent calls for government intervention to protect jobs and fuel supplies. This refinery is significant as it is the only major UK refinery owned by a British company, representing 10% of the nation's oil capacity. The situation affects 620 jobs directly, highlighting the pressing need for government action in response to industry pressures. Unions warn that current policies could jeopardize the oil sector further, necessitating both immediate and long-term solutions to safeguard workers and operations.
The Lindsey oil refinery is strategically important, and the government must intervene immediately to protect workers and fuel supplies.
Unite has constantly warned the government that its policies have placed the oil and industry on a cliff edge.
The group also has oilfield investments in Shetland and owns roughly 200 petrol stations in the UK under the Breeze and Harvest Energy brands.
A further 20% is held by family trusts connected to them.
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