Phillips 66 Limited agrees to acquire Lindsey Oil Refinery assets
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Business Wire
Agreement follows Prax Lindsey Oil Refinery Limited’s liquidation and is pending completion subject to satisfaction of closing conditions.Key facilities to be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site.Investment will strengthen the Humber Refinery, boost domestic energy security, ensure continued supply of quality fuels to the UK and help secure UK jobs. LONDON--(BUSINESS WIRE)--Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving as special managers of the Lindsey Oil Refinery assets after the Official Receiver was appointed liquidator in June 2025.The company also announced that it plans to integrate key assets into its Humber Refinery operations. Following a thorough asses
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