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| Milford Haven's Murco oil refinery deal collapses | Milford Haven's Murco oil refinery deal collapses |
| (35 minutes later) | |
| Hundreds of jobs are under threat as a proposed deal to buy a Pembrokeshire oil refinery has collapsed. | |
| Murco's deal to sell the Milford Haven refinery to the Swiss-based Klesch Group is "no longer in effect" as conditions were not met. | Murco's deal to sell the Milford Haven refinery to the Swiss-based Klesch Group is "no longer in effect" as conditions were not met. |
| American owners Murphy Oil said it has "no choice" but to use the site solely for storage and distribution with "a significant number of redundancies". | |
| Welsh Secretary Stephen Crabb said: "We're very, very disappointed." | |
| The refinery, which employs 400 people, will now enter a shut-down period and will be decommissioned while the company looks for a new buyer. | The refinery, which employs 400 people, will now enter a shut-down period and will be decommissioned while the company looks for a new buyer. |
| 'Devastating blow' | 'Devastating blow' |
| Bryan Kelly of Murphy Oil said: "For the past four years we have worked tirelessly to secure a positive outcome for the future of the refinery and our workforce. | |
| "Unfortunately, and despite every effort on the part of Murphy and our employees, we have been denied the desired outcome." | "Unfortunately, and despite every effort on the part of Murphy and our employees, we have been denied the desired outcome." |
| Economy Minster Edwina Hart added: "This is a devastating blow to staff at the Murco refinery and companies within the refinery's supply chain, as well as the local communities around Milford Haven." | Economy Minster Edwina Hart added: "This is a devastating blow to staff at the Murco refinery and companies within the refinery's supply chain, as well as the local communities around Milford Haven." |
| The company said it will support its employees "as much as possible." | The company said it will support its employees "as much as possible." |
| Mr Crabb, who is also the MP for Preseli Pembrokeshire, added: "The loss of those jobs will leave a very big hole in the economic activity of west Wales and it will take a number of years for the local economy to recover. | |
| "It does feel very much like it's reached the end point. We're very, very disappointed." |