Rebecca Evans AM, Assembly Member for Mid and West Wales, has spoken of her concern about the future of the Murco refinery in Milford Haven following reports in the Sunday Times that it may face closure after its American owner, Murphy Oil, slashed its value and classified it as a “discontinued operation” in its accounts.
Mrs Evans said:
“This is deeply concerning. The accounts, filed in America, show Milford Haven representing a loss to the company of $105 million for the last quarter of 2013.
“Murphy Oil has said that it expects to complete the “disposition” of the refinery at Milford Haven by the end of the year. I am seeking urgent clarity from the company as to what that means.
“Assurances were given in November that the refinery would not close – and yet three months later the company is talking about “disposition.” If disposition means a sale, then that could be positive as it would end a protracted period of uncertainty for the 400 strong workforce. However, if disposition means closure, then that would be a devastating and terrible blow to Milford Haven and the surrounding area.
“I know that there are several serious challenges facing the Milford Haven operation, including the downturn in demand for petrol. There is also new competition from giant refineries being built in the Middle East and Asia which can operate at a fraction of the cost of Milford Haven refinery, which is the smallest in Britain.
“I have written to the Minister for the Economy, Science and Transport asking what discussions she and her officials are having with the company, what assistance Government might be able to offer in terms of helping find a buyer for the refinery, and what support can be offered to the workers.
“I also am seeking a meeting with union representatives.”
