UK: UKPIA publishes Fuelling the UK’s Future
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Wednesday, 28 December 2011 |
The UK Petroleum Industry Association (UKPIA), which represents key refining and marketing firms in Britain, has published a new study on the future of the downstream fuel industry. Fuelling the UK’s Future - the Role of our Refining and Downstream Oil Industry is being made available free at a time when the refining and downstream sector faces major challenges, according to the organisation.
“Energy analysts forecast that the difficult commercial climate for refineries is likely to continue in the coming years, whilst at the same time the cumulative effect of EU and UK legislation is adding substantial cost burdens not faced by our non-EU competitors,” remarked the UKPIA’s Director General, Chris Hunt. “Given the right policy environment, the UK refining and downstream oil sector can continue to play a pivotal role in the future as a reliable, resilient and secure source of transport fuels and other vital industrial feedstocks. The Energy Minister’s recent statement that the Department of Energy and Climate Change will work in collaboration with the UK refining industry to consider the issues and approach that Government should take in developing a policy framework for the industry, is welcomed,” he added. The report is available here .
PetrolWorld 28122011
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