Sale agreed over Murco oil refinery in Milford Haven

Around 400 jobs have been saved after an agreement over the sale of the Murco oil refinery in Milford Haven.

The deal has been welcomed by Pembrokeshire Council, who have described the sale as 'good news' for Pembrokeshire and Wales.

The news has also been welcomed by the Minister for Economy, Science and Transport. In a statement today, Edwina Hart AM said: "Today’s announcement is very good news and the first step in securing the long-term future of the Milford Haven refinery."

The Secretary of State for Wales has welcomed the news that a deal has been reached over the future of the Murco oil refinery in Milford Haven.

On twitter, the Wales Minister described the deal between Murco Petroleum Ltd and Klesch Refining Ltd as 'excellent news' for Murco employees.

He added that it is "important to maintain UK oil refining".

It has been confirmed that a sale has been agreed on the Murco oil refinery in Milford Haven.

A deal has been agreed with Klesch Refining Ltd, and is expected to close no later than October.

There are reports that an agreement has been reached over the sale of the Murco oil refinery in Milford Haven.

Hundreds of jobs were under threat when a deal to save the site collapsed in April.

News agency Reuters are this morning reporting that The Klesch Group have agreed to the buy the refinery.

ITV News understands than an announcement over the future of the refinery is due later today.