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Insolvency law seals fate of Coryton refinery
Jun 28th, 2012
LONDON (Reuters) - When Petroplus went bankrupt early this year, many in the industry thought that at least the Coryton oil refinery in England, the most modern and efficient of its five plants in western Europe, would survive. So far it is the only one to have closed, doomed by the priorities of bankruptcy law, the government's laissez faire approach and strategic calculations by trading houses who saw more opportunities from other refinery assets. ... (Source: Reuters) -
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