Saturday, July 13, 2024

The Russians are coming? Possible buyer for Coryton plant

A RUSSIAN company could be among the possible bidders for the Petroplus plant at Coryton.

The hopes are that the company would operate the facility as a refinery rather than a terminal.

Union bosses, administrators and politicians are remaining tight-lipped as to the identity of the possible bidder so as not to jeopardise negotiations.

Among possible bidders could be: Russian oil major OAO Lukoil Holdings (LKOH.RS) and state-owned oil champion Rosneft (ROSN.RS) which are among the companies that already have stakes in or own european refineries.

Earlier this week, Cyprus-registered commodities trader Gunvor Group announced the completion of its purchase of Petroplus’s refinery in Antwerp, Belgium.

The unions have also indicated that Royal Dutch Shell PLC (RDSA), Royal Vopak NV–the operator of three terminals in the U.K.–and fuel supplier Greenergy Ltd. are believed to have submitted a joint bid to operate Coryton as a terminal.


  1. The Petroplus laboratory and offices at Swansea has already been shut down by PWC. The employees were all made redundant last week. PWC reported that as they hadn’t found a buyer to take over the Corryton refinery as a going concern, there was no longer any work for the employees at Petroplus’ asphalt and bitumen laboratories. They were made redundant with immediate effect.

    If it’s true that the oil refinery has in fact found a buyer who will keep it as a working refinery, the Swansea workforce have needlessley lost their jobs and livelihood.


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