Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene
Concerns over conduct of bosses at Lincolnshire site, with ministers saying workers had been ‘badly let down’
The government has called for an investigation into the conduct of bosses at one of the UK’s largest oil refineries after it collapsed into administration on Monday, prompting concern about job losses and disruption to fuel supplies.
Sources familiar with the situation said that government officials had been growing increasingly fearful about the finances of State Oil, which owns the Prax Lindsey refinery in north Lincolnshire, since April. Continue reading...
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