Hundreds of jobs at the Coryton oil refinery in Essex are under threat after Swiss owner Petroplus said it would file for bankruptcy. The government has said the refinery, which supplies 20% of fuel for south-east England, is still operating. Administrator PricewaterhouseCoopers says the priority is for work at Coryton to continue without disruption. Other firms say they will still be able to supply fuel, but petrol retailers fear diesel prices will spike. Steven Pearson, on behalf of the administrator, said: "Our immediate priority is to continue to operate the Coryton refinery and the Teesside storage business without disruption while the financial position is clarified and restructuring options are explored." He said there were plans to have a number of discussions during the next few days over the future of the site in Coryton and the business in Teesside. Petroplus has said it will file for insolvency "as soon as possible" after failing to reach an agreement with creditors to extend deadlines for loan repayments.
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