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Coryton closure a "devastating blow" says MP

The Coryton oil refinery is being sold as a fuel terminal Credit: PA

An Essex MP has called for an inquiry into the administrative proccess surrounding the closure of the Coryton Oil Refinery.

Basildon and East Thurrock MP Stephen Metcalfe raised the issue in the House of Commons.

Administrators announced the plant would close when a new buyer couldn't be found.

900 jobs are affected.

Mr Metcalfe told the House "The closure of Coryton was obviously not the outcome I fought for and the announcement was one that I had hoped never to hear.

"I believe it represents a sad day for the refining industry in the UK, a sad day for South Essex and above all it was a devastating blow for the hundreds of dedicated workers who have fought so hard to keep the refinery open."

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New blow for oil refinery

Workers at Coryton oil refinery in Essex had another blow today, with the news that the Government won't be propping up the plant with public money.

The Department for Energy and Climate Change has decided not to apply to the European Commission to use state funds to bail it out.

850 jobs have been at risk since the refinery went into liquidation in January. The plant supplies about a fifth of London and the South East's fuel.

Plant would need £625m to survive

The Coryton oil refinery is to close, after administrators failed to find a buyer or the money needed to keep it going, putting around 850 jobs are at risk.

The refinery went bust in January and was put into administration by its Swiss owner, Petroplus.

The plant supplies 20 per cent of fuel in London and the South East.

Administrators PwC said the site would be wound down over the next three months after the challenge of raising the £625m needed to fund the refinery proved too much.

There are likely to be a "substantial" number of redundancies among the 500 workforce, PwC said.

Around 350 contractors will learn their fate in the next few days.

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Refinery jobs at risk

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.