The Official Receiver has secured an agreement with Glencore to continue supplying crude oil to the Lindsey oil refinery in Lincolnshire, according to Sky News editor Mark Kleinman on Friday.
The deal was reached overnight and ensures ongoing operations at the refinery, which was a subsidiary of Prax Group, he posted on social media platform X.
Several parts of Prax Group entered insolvency proceedings earlier this week.
The Lincolnshire facility will continue to receive crude oil from the commodities giant Glencore under the new arrangement, maintaining the supply chain for the refinery during this period of corporate restructuring.
By: Investing , Maria Ponnezhath / 07/04/2025.
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