Hundreds of jobs endangered in Wales as Murphy Oil subsidiary fails to complete sale to despite extended deadline
Hundreds of jobs in Wales are in danger after the collapse of a deal to secure the future of Milford Haven oil refinery.
Murphy Oil, which owns the refinery, has been negotiating a sale with entrepreneur Gary Klesch for several months. However, the US company said on Tuesday that its subsidiary, Murco Petroleum, had been unable to complete the sale to Klesch Refining by the 31 October deadline despite it being extended.