Tuesday, 09 Mar 2010 17:01
Chevron's Pembrokeshire refinery, which employs 1,400 people, is up for sale, US-firm announces
By Sarah Garrod.
Chevron has announced its oil refinery in Pembrokeshire, which employs 1,400 people, is up for sale.
Some reports claim the plant could face closure if a buyer is not found, but in a statement the firm said: "To confirm, this process is to determine interest in our operations in Europe.
"No decision has been made to sell any asset at this time. We have no plans to idle any of our refineries.
"Our continuing focus is on operating Pembroke refinery in a safe, reliable and environmentally responsible manner."
The US-owned group, which is estimated to be worth £1.5 million a week to the county's economy said it would be allowing 24 months for the sale.
The site currently produces around 220,000 barrels of oil a day at the Milford Haven site in Wales. Chevron said its intention to look for bids for some of its operations in Europe was part of its global restructuring.