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The Guardian - UK
The Guardian - UK
Business
Rob Davies

Auditors warn about finances of firm behind Stanlow oil refinery

Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port.
Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port. Photograph: Christopher Furlong/Getty Images

Auditors have warned about the financial health of the company behind the Stanlow oil refinery, despite its efforts to refinance loans and settle a debt to HM Revenue and Customs.

Documents filed at Companies House show that losses at Essar Oil (UK) deepened from $221m (£168m) to $321m in 2021, a year in which government officials became concerned about the financial position of the company, which supplies 16% of UK road fuel from its refinery in Ellesmere Port, Cheshire.

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