I did quite a few jobs at The Coryton Refinery over the years in the Mobil, then briefly BP, days before it was sold to Petroplus. Interesting that it is the Swiss parent company that is actually going bust – wonder where the losses actually are? And I wonder what their ownership is – oil majors, or more general investors? (They also own one of the Teeside oil depots.)
Would there be any value in BP buying the concern back – I don’t believe they actually own and operate any UK refineries directly these days since Grangemouth was also sold to Ineos. Are old refineries just not viable in Europe/UK? What were Petroplus expectations when they originally bought Coryton, not really all that long ago?
(Pretty sure shortages is a non-issue other than distribution logistics adjustment.)