Insolvency is a financial state where an individual or organization cannot meet its debt obligations when they are due. It often leads to bankruptcy proceedings to resolve outstanding debts.

A refinery is an industrial facility where crude oil is processed and transformed into useful products such as gasoline, diesel, and other petrochemicals.

What is a buyer in financial terms?

A buyer is an individual or entity that purchases goods or services. In finance, buyers can also refer to investors acquiring assets or securities.

What is a financial crisis?

A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence and potential economic downturn.

What is the UK economy?

The UK economy refers to the economic system of the United Kingdom, characterized by a mixed economy with significant service, manufacturing, and financial sectors.

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Home > Finance > Britain's Lindsey oil refinery to close after no buyer found

Finance

Britain's Lindsey oil refinery to close after no buyer found

Published by Global Banking & Finance Review®

Posted on July 21, 2025

1 min read

Last updated: January 22, 2026

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Britain's Lindsey oil refinery to close after no buyer found

Quick Summary

Lindsey Oil Refinery in Britain to Shut Down After Sale Attempts Fail

Closure of Lindsey Oil Refinery

Details of the Closure

Background on Prax Insolvency

Key Takeaways

Frequently Asked Questions about Britain's Lindsey oil refinery to close after no buyer found