Michael Shanks said more than 80 investors had put forward plans for the refinery, which is due to close in the summer.

Minister ‘hopeful’ for ‘positive’ announcement on Grangemouth soon - Michael Shanks was quizzed on his Government’s £200 ...

Oil trader Petroineos has been snapping up benchmark crude in the North Sea market at the fastest pace in at least 16 years, leaving rivals surprised by the flurry of activity. The firm — a ...

The SNP’s energy secretary has blamed Petroineos bosses for risking a just transition for skilled workers at Grangemouth, stressing the closure of Scotland’s only oil refinery should have come ...

Petroineos Refining Ltd. (PRL), a joint venture of INEOS Group’s Ineos Investments (Jersey) Ltd. (50.1%) and China National Petroleum Corp.’s PetroChina Co. Ltd. (PetroChina) subsidiary ...

Petrochemical company Petroineos has confirmed its long-telegraphed plan to close the century-old Grangemouth oil refining operation. The move threatens 400 workers’ jobs, over 80 percent of the ...

Crude processing ends at Scotland's Grangemouth oil refinery, redundancies start Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement ...

Petroineos, the owners of the Grangemouth plant, which opened in 1924, said the site would import finished transport fuels such as petrol and diesel from now on. The shutdown was confirmed in an ...

On April 29, owner Petroineos announced it had ended operations at the refinery after more than a century, triggering the first of a phased wave of redundancies, including Petersen’s.

Petroineos is a joint venture between PetroChina and Ineos, a chemical conglomerate owned by British billionaire Jim Ratcliffe, a significant minority shareholder of Manchester United. Petroineos ...

The Scottish Government has received 84 inquiries about projects for Grangemouth, MSPs have been told. The refinery on the ...