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Coryton crude stocks replenished

06 February, 2012

Oil supplies to Coryton refinery in Essex have been given a welcome boost as administrators acquire another shipment of crude to replenish stocks refined over the past 11 days.

Steven Pearson, joint administrator and Price Waterhouse Cooper partner, said: “This purchase means we are able to continue refining operations whilst we seek to conclude discussions and negotiations with parties looking to continue refining at Coryton in the immediate term.

Options being explored to keep the refinery operating include a possible tolling arrangement under which a third party will supply oil to the refinery, said Pearson. “If this arrangement is concluded, this will stabilise the company in the immediate term and allow us to try and find a long term solution.

“There is still some way to go to conclude current negotiations, but our decision to acquire further crude demonstrates our commitment to everyone involved in the refinery.

“We continue to be grateful for the way in which all the stakeholders have supported our efforts, particularly the support of the employees, contractors and the union.”

Related articles:

>> Interest in Coryton refinery “extremely encouraging”

>> Coryton administrators acquire cargo of oil

>> Coryton supplies in limbo as crude oil shipments await payment

>> Coryton fuel deliveries stopped as Petroplus runs out of cash





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Weekly retail fuel prices: 15 January 2018
RegionDieselLPGSuper ULUL
East124.9460.90131.85122.27
East Midlands124.34132.31121.54
London125.0662.90132.42122.10
North East123.94133.63121.07
North West124.1658.50132.51121.18
Northern Ireland123.4169.90128.40120.85
Scotland124.5774.90130.88121.33
South East125.1561.40132.52122.48
South West124.73130.24121.91
Wales124.44128.57121.19
West Midlands123.7465.23132.27121.20
Yorkshire & Humber123.9161.90132.74121.12

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