Phillips Sixty-Six Buys UK Refinery, Merges with Rival
Update: 2026-01-05
Description
Big news in the UK energy sector: Phillips sixty-six acquires Prax Lindsey oil refinery, merging operations with nearby Humber Refinery. The deal comes after Praxs collapse into administration, leaving two hundred fifty workers with uncertain futures. Phillips sixty-six assures job security until March and supports UK fuel supply and energy security.
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