Today news
About the same in other media
Oil refinery woes raise concern in Westminster over financial backers
Reading now: 475
The panic-buying of petrol and diesel that gripped Britain in September served as an unwelcome reminder of how disruption to supplies can rapidly escalate into crisis. But while the long queues on forecourts have gradually receded, concerns persist about the finances of refineries supplying about 25% of fuel.
Financial difficulties afflicting two of the UK’s remaining oil refineries have raised concerns in government about their little-known ties to a Kremlin-allied oil business and a commodities trading house under investigation for corruption, the Guardian understands.
Prax Lindsey oil refinery in north Lincolnshire swung from a £1.9m profit to a £228m loss in the year to February 2021, hurt by the Covid pandemic crushing demand for fuel,
Read more on theguardian.comAbout this in other media
BBC earns £300,000 from Saudi oil firm despite net-zero pledge theguardian.com /3 years ago
Australian PM says he won't take 'sledging' from France over submarine deal euronews.com /3 years ago
Sfermion raises $100M for NFT and metaverse ventures cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
