UKPIA (UK Petroleum Industry Association) has published its annual review of the downstream oil industry.
The Statistical Review 2016, which in its 14th year of publication, contains a compilation of UK downstream oil industry statistics.
Andrea Leadsom, minister of state for energy at the Department of Energy and Climate Change, in her introduction to the review, commented: “I am encouraged that the sector has been able to respond to the stimulus offered by lower global crude prices and that it has again played its part in the wider economy’s performance over the past year. The UK government remains certain that the downstream oil sector has an important role to play in our economic prosperity and will look to work with you to provide the competitive environment you need to deliver.”
UKPIA director general Chris Hunt said: “I am pleased to announce the launch of the 2016 Statistical Review of the downstream oil sector. The facts and figures it contains demonstrate the vital role played by oil products in everyday life, as well as the important contribution of our sector to the UK’s economy, growth and energy security.”