The authorities have established a deadline of two weeks to find a buyer for the Prax Lindsey oil refinery in difficulty in the middle of increasing doubts about the future viability of the site. Sky News learned that potential buyers of the Lincolnshire site were contacted on Monday by restructuring experts hired when the parent … Read more
The ministers explore ways to give state support to the remaining oil refineries of Great Britain while they are jostling to meet the fallout of the Prax Lindsey site in Lincolnshire which threw a shadow on hundreds of jobs. Sky News understands that Ed Miliband, the Energy Security Secretary, wishes to design a mechanism for … Read more
The owner of the Lindsey oil refinery crashed into insolvency, putting hundreds of jobs in danger during the energy conglomerate behind the Lincolnshire site. Sky News learned that State Oil, the parent company of Prax Group, which has interests on the oil ground in Shetlands and has around 200 service stations, was forced to call … Read more