Oil: Refineries

As I sent out in my Written Ministerial Statement on 1 July 2025, the Government is providing the Official Receiver with short-term funding to cover the essential operating costs of the refinery as a result of the unexpected insolvency of the company. The final operating cost will depend on market conditions and the strategy adopted by the Official Receiver, and this will be subject to close scrutiny and governance by the Government and the insolvency office holders. This funding is necessary to provide the Official Receiver with the necessary tools to fulfil their statutory duties and to avoid an immediate, unsafe shutdown of the refinery.