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Hundreds of jobs at the Murco Oil refinery plant in Milford Haven could be saved, if a deal to sell the site goes ahead. The local MP Stephen Crabb says that an agreement has been reached in principle - which would end the current uncertainty. Nicola Hendy reports.
Commenting on the potential sale of the site a Welsh Government Spokesman said **
– Welsh Government Spokesman
The plant is a vital part of the Welsh economy and we have been working tirelessly to secure its future, working closely with the current owners, potential buyers and government at all levels. “We remain committed to exploring every possible angle in supporting the company and the workforce.
The owner of the Murco oil refinery at Milford Haven, Murphy Oil, has cautioned that work still needs to be done with the deal.
– Murphy spokesperson
"Murphy feel that solid progress has been made in negotiations, but caution that substantial work remains to done. If the past has taught us anything, it is that these sales are especially challenging and we are not assured of success."
A spokesperson for Murphy Oil - the owners of the Murco oil refinery have told ITV news that more work needs to be done before any sale of the site is complete.
– Murphy Oil
Murphy feel that solid progress has been made in negotiations, but caution that substantial work remains to done. If the past has taught us anything, it is that these sales are especially challenging and we are not assured of success."
The news of the sale of the Murco oil refinery at Milford Haven has been hailed as a boost to the economy. Conservative AM for South Wales East, William Graham, praised all those concerned with the deal.
Welcome news that the Klesch Group have bought the Murco refinery. 400 jobs saved and a boost for the Welsh economy.Well done all concerned.
The agreement in principle of the sale of the Murco oil refinery in Milford Haven has been hailed by the local MP. Stephen Crabb MP says he is "very optimistic that the sale can be completed".
"I am delighted with the breakthrough today in negotiations over the sale of the Murco oil refinery in Milford Haven. The agreement in principle reached between Murphy and the buyer is a hugely positive step forward. The sale will secure hundreds of high quality jobs and will enable the refinery to continue operating fully."
"There remain challenges ahead, and a due diligence process to be completed, but I am just so pleased that we have reached this point. I am very optimistic that the sale can be completed.
– Stephen Crabb, MP for Preseli Pembrokeshire
"It has felt like a race against time to find a new buyer ever since Murphy started the clock on potential closure. I am very pleased that I was able to bring the buyer into the negotiations in the first instance and help broker a deal.
"At every step of the way I have remained in close contact with all parties and have worked tirelessly to keep negotiations flowing when difficulties arose.
"All along I have been incredibly impressed with the dedication of the workforce on site who have stayed focused despite the huge cloud of uncertainty hanging over the refinery."
Around 500 workers at the Murco oil refinery in Milford Haven could be saved if its sale goes through. Speaking to the Western Telegraph, local MP Stephen Crabb said: "I am delighted with the breakthrough in negotiations over the sale of the Murco oil refinery in Milford Haven."
It's thought the site will be sold to oil entrepreneur Gary Klesch. The plant is currently not buying crude oil, but recycling oil products to keep it operational.
The refinery's owner, Murphy Oil was not available for comment.
Murphy Oil has agreed to sell its Milford Haven refinery in Milford Haven to oil entrepreneur Gary Klesch according to Stephen Crabb, MP for Preseli Pembrokeshire.
Breakthrough in negotiation over sale of Murco oil refinery, Milford Haven. Very positive progress today. Optimistic sale will be completed
A task force is being created to try to safeguard the future of the 400 workers at the Murco oil refinery in Milford Haven.
The announcement was made by the Welsh Government, and will be lead by Lord Nick Bourne.
It will try to find a buyer for the plant, which owned last week week it was consulting staff over potential closure.
The First Minister Carwyn Jones has visited the Murco plant in Milford Haven today to discuss the company's furture.
Around 400 jobs are at risk at the oil refinery after a potential deal to buy it collapsed.
The First Minister says he will be working with Murco, and the owners of Newport Bakery Avana, to try and save as many jobs as possible.