A pivotal deal has been reached to ensure the unbroken supply of crude oil to the Prax Lindsey Oil Refinery in Immingham, North East Lincolnshire, amid its proprietor’s recent fall into administration. This move provides much-needed reassurance to the local community where employment was in danger for countless individuals. The UK’s Department for Energy Security and Net Zero confirmed that the movement of deliveries to and from the refinery would recommence, thus sustaining operations. The British government has used public funds to procure existing stocks of crude oil at the location, guaranteeing that the refinery remains operational. Prior communications suggested that discussions were ongoing with commodity trader Glencore over supply agreements. Energy Minister Michael Shanks underscored the necessity for an inquiry into the refinery’s management while considering potential purchasers or other uses for the site. The Lindsey Oil Refinery, renowned as the UK’s smallest, plays a crucial role in the local economy, providing employment for 420 individuals directly, while extending its effects to approximately 1,000 jobs in related fields.
The initial report of this story was adapted by The Lincoln Post from BBC’s coverage.
