New Hope Emerges for Insolvent UK Refinery ...Middle East

The Lindsey Oil Refinery in the UK could be saved from closing as a potential buyer has emerged with interest to take over the site in Lincolnshire and continue run it as a crude processing facility, local politicians have told the BBC.  The refinery, built in 1968 with the capacity to process up to 113,000 barrels of oil per day (bpd), was set to close after its owner, Prax Group, filed for insolvency in late June.   A UK court appointed a liquidator for Prax Lindsey Oil Refinery, as well as the storage and terminal units, Prax…

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