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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 and Finance Review

Posted on July 21, 2025

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LONDON (Reuters) -Britain's insolvent Lindsey oil refinery will close down after no buyers were found for the site, energy minister Michael Shanks said in a statement on Monday.

"After a thorough process to determine whether a sale was possible, no credible offers have been made to purchase the entire refinery, and it will be winding down operations," Shanks said.

The refinery was placed into the hands of an official receiver after its owner Prax fell into insolvency at the end of last month.

(Reporting by Robert HarveyEditing by Tomasz Janowski)

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