Murco refinery at Milford Haven
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End of the road for Murco's Milford Haven refinery

Only around 60 jobs will remain from a workforce of hundreds at an oil refinery in Pembrokeshire after a deal to sell it collapsed.

Workers were "shocked and devastated" as it was confirmed Murco in Milford Haven would be converted to a storage and distribution facility.

The sale to the Swiss-based Klesch Group was called off on Tuesday night after certain conditions were not met.

Murco said it was the end of the road after four and half years of trying to find a buyer.

Ministers said both the UK and Welsh governments had been working day and night to finalise a deal.

A marquee had even been erected at the refinery by Klesch, perhaps in anticipation of a celebration to welcome a takeover.

BBC Wales business correspondent Brian Meechan reports.

  • 05 Nov 2014
  • From the section Wales
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