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Murco Petroleum

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Murco Petroleum
IndustryOil & Gas
Founded1960 (1960)
FounderMurphy Oil Corporation
HeadquartersUnited Kingdom
Area served
United Kingdom
ProductsOil and gas exploration
production
Natural Gas & LNG
Trading & transportation
Oil refining
Chemicals
ServicesFuel stations
Websitewww.murco.co.uk
A Murco DAF CF Tanker in Ellesmere Port. (January 2013)

Murco is an oil refining company based in the United Kingdom. It was set up by Murphy Oil Corporation in 1960.[1] The company owns a forecourt-based chain of convenience stores of Costcutter.[2] Murco purchased a 30% stake in Amoco’s Milford Haven Refinery in 1981, and the remaining 70% in 2007.[3]

In 2008, the firm purchased Petrol Express Limited for £52 million from its parent company GNE Group, acquiring 63 petrol stations to bring its total to 230.[4]

After trying for two years to sell a Murco plant in the UK, in 2014, Murphy announced it would close the location.[5] It was announced in November 2014 that Milford Haven Refinery was to close with the loss of around 350 jobs.[6]

On 1 October 2014, the Murco retail business was sold by Murco Petroleum to independent forecourt operator MFG (Motor Fuel Group).[7] In 2016 MFG introduced a new look for Murco.[7] In 2015, Puma Energy Group purchased assets from Murco Petroleum, including a closed refinery at Pembrokeshire in Wales. Three of Murco's inland terminals in the UK were also acquired.[8]

References

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  1. ^ "Murco". Murphy Oil Corporation. 7 March 2013. Retrieved 7 March 2013.
  2. ^ "Murco Petroleum". htec.co.uk. 20 September 2012. Retrieved 20 September 2012.
  3. ^ "Refining and Distribution". Murco in the UK. Murco Petroleum Ltd. 30 September 2011. Archived from the original on 30 September 2011. Retrieved 11 October 2011.
  4. ^ "Murco buys Petrol Express". News. forecourttrader.co.uk. 30 October 2008. Retrieved 11 May 2010.
  5. ^ https://www.reuters.com/article/idUSL6N0SU5XH/ [bare URL]
  6. ^ "Murco refinery sale collapses". BBC. 5 November 2014. Retrieved 11 November 2014.
  7. ^ a b "A Great New Look, A Great New Offer". www.murco.co.uk. 25 May 2016. Retrieved 2 June 2023.
  8. ^ "Puma Energy completes purchase of Murco's UK refinery, terminals". 2 July 2015.
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