Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene
One of the UK’s largest oil refineries – and the only big one owned by a British company – has collapsed into administration, prompting urgent calls for government intervention to protect fuel supplies and jobs.
State Oil, owner of the Prax Lindsey refinery in north Lincolnshire, called in administrators on Monday, according to Sky News. The company’s 5.4m tonne-a-year capacity represents nearly a tenth of the national total. About 180 people work at State Oil and 440 at the refinery.
State Oil is part of Prax Group, majority owned by Winston and Arani Soosaipillai, who bought it from French oil group Total in 2021. Prax Lindsey is the only…