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Murphy Oil in failed sales process for Milford Haven refinery

Murphy Oil Corp. announced that its wholly owned subsidiary, Murco Petroleum Ltd., was unable to complete the sale of the Milford Haven refinery.
Murphy Oil in failed sales process for Milford Haven refinery

Murphy Oil Corp. announced that its wholly owned subsidiary, Murco Petroleum Ltd., was unable to complete the sale of the Milford Haven refinery and terminal assets to Klesch Refining Ltd. by the 31 October 2014 deadline.

The refinery is currently in a period of shut-down, and will be decommissioned and operated solely as a petroleum storage and distribution terminal.  The company will seek a buyer for the terminal facility along with three inland terminals.  The sale of the company's retail assets is unaffected by the inability to sell the refinery.

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