Stephen Crabb: Fog of confusion over Murco deal
Hundreds of jobs are under threat as a proposed deal to buy a Pembrokeshire oil refinery has collapsed.
Murco's deal to sell the Milford Haven refinery to the Swiss-based Klesch Group is "no longer in effect" as conditions were not met.
American owners Murphy Oil said it had "no choice" but to use the site solely for storage and distribution with "a significant number of redundancies".
Welsh Secretary Stephen Crabb, who is also the MP for Preseli Pembrokeshire where the refinery is based, told BBC Radio Wales there is little hope of finding another buyer.
05 Nov 2014
- From the section Wales