800 jobs were in jeopardy today amid reports that an oil refinery that went bust is likely to be closed and turned into a storage terminal. The Coryton plant in Essex is the biggest provider of petrol and diesel in the south east.
It's emerged that a giant oil refinery that provides almost a quarter of all the south east's fuel could be closed down and turned into a storage facility.
The Coryton plant in South Essex went into administration in January and talks have continued to find a buyer.
One of the options could see it used for storage only which could mean the loss of up to 800 jobs and impact on the region's supplies. Iain McBride has more.
Coryton Refinery was plunged into administration by its Swiss owner Petroplus in February. It has been reported that a tanker reached the plant last week with enough crude oil to keep the site working for 11 days but the plant is unlikely to carry on operating beyond the end of this month.