Administration–hit refinery still running

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ADMINISTRATORS at PricewaterhouseCoopers have bought a further batch of crude oil for processing at the Coryton refinery in Kent.

PwC has kept the plant running since last month when the UK arm of Swiss owner Petroplus fell into administration. The company was forced to shut three of its five refineries in Belgium and France last month because of a lack of crude oil.

More than 40 parties have expressed interest in buying the Coryton refinery, UK energy minister Charles Hendry said, but industry sources questioned how many were serious buyers.