Forecourt Trader - 30 years at the heart of the fuel retailing community

Murco management looking into potential buyout

21 May, 2014

The Milford Haven refinery

Murco’s network of filling stations could be involved in a management buyout together with the company’s threatened oil refinery at Milford Haven.

Managing director Tom McKinlay has told staff he is taking a leave of absence while he works on the plan.

Brian Kelly, head of Murphy’s business development in West Africa, the Middle East and Britain, will replace McKinlay and lead Murco's negotiations with the potential buyers.

McKinlay’s move comes during a 45-day consultation with the employees about the future of the Milford Haven refinery.

This began after negotiations over the sale of the business broke down at the beginning of April.

At the end of last month the company said it had ceased purchasing crude oil to be processed at the plant and it later moved to reassure its dealers that they would continue to be served as normal.

The plant is also the focus of a task force set up by the Welsh Government’s economy minister Edwina Hart in a bid to safeguard jobs on the site.





My Account

You are not logged in.
  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 18 September 2017
RegionDieselLPGSuper ULUL
East120.75128.55119.84
East Midlands120.29128.81119.63
London120.7558.57130.05119.82
North East120.2059.90129.98119.40
North West120.52128.62119.81
Northern Ireland119.2369.90126.85119.03
Scotland120.60128.18119.75
South East121.03130.63120.24
South West120.75129.31119.96
Wales120.35127.44119.57
West Midlands120.4262.90130.69119.84
Yorkshire & Humber120.1971.90128.67119.59

Most read

Are you relieved that as a consequence of the 2015 Modern Slavery Act, rogue hand car washing operations are now being targeted by the authorities as one of the prime sources of human trafficking and are being shut down?