The UK oil industry, from offshore production to the downstream oil sector

represented by UKPIA, plays a critical role in the life of the nation, comments Energy Minister Charles Hendry in the introduction to UKPIA’s 2010 Statistical Review, published today.

He says it achieves this by delivering secure supplies of energy, contributing to our broader economic development and by helping us adapt to the challenges posed by climate change. "This role is particularly challenging (and particularly valued) at a time when the wider economy is experiencing significant financial challenges.”

The background of challenging times for oil refining was also echoed by UKPIA president Brian Worrall who said:
“A climate conducive to the continued development of a strong and viable downstream sector needs to be promoted and with this in mind, UKPIA and its members are looking at a number of key legislative and other actions that we feel may help the Industry. Industry and government working together will be an essential feature of meeting the future challenges and we look forward to addressing these matters with the new Minister and his team at DECC in the coming months."