Calls grow for urgent talks to protect future of Grangemouth oil refinery | Oil
The UK and Scottish governments have been asked to arrange urgent talks to protect the future of Scotland’s only remaining oil refinery at Grangemouth. Daniel Johnson, Scottish Labour’s economy spokesperson, has written to PetroChina, part of the joint venture that owns the site, seeking to discuss the future of the complex where oil refining is due to cease next year. He is also urging the Scottish and Westminster governments to arrange meetings. Petroineos has said it is preparing to shut the Grangemouth facility, where refining has taken place since 1919, to convert it into a fuels import terminal. Petroineos, a joint venture formed in 2011 between PetroChina, the state-owned Chinese oil company, and Ineos, which is controlled by billionaire Sir Jim Ratcliffe, will operate the complex as normal until at least spring 2025. After that it would operate as an import oil terminal facility only, prompting concerns for the future of 500 jobs. Grangemouth, on the Forth estuary, is one of six remaining oil refineries in Britain and supplies much of the petrol and diesel …