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0 -0.000321888412017281 -0.00211015736766821 -0.00171673819742496 0.000965665236051437 0.00883404864091549 0.00250357653791126 -0.00114449213161657
Stock impact report

One of Britain's last oil refineries to be mothballed despite rescue deal [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Lindsey oil refinery in Lincolnshire , one of the last five major oil refineries in the country, will not restart standalone operations after it was sold to Phillips 66 on Monday. The Texas-based oil and gas giant said the site's limited size meant it was “not viable in current form”, instead claiming it would integrate some smaller parts of the site into its nearby Humber refinery. It did not say how many jobs would be saved from the deal, which prompted a furious response from union bosses, who called on ministers to ensure that jobs were protected. Sharon Graham, the Unite general secretary, said: “Lindsey oil refinery is a critical piece of UK energy infrastructure. Phillips 66 should not be allowed to just mothball the site and turn it into a glorified storage tank. “The Labour Government needs to finally get into gear. Its net zero policies are hurting workers – it's time it showed them whose side it is on.” Elizabeth de Jong, the chief executive of trade group Fu Show less Read more
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