UK Oil Refining
HC 340, Third Report of Session 2013-14 - Volume 1: Report, Together with Formal Minutes, Oral and Written Evidence
- House of Commons - Energy and Climate Change Committee
- TSO (The Stationery Office)
The report 'UK Oil Refining (HC 340)' examines evidence about the UK oil refining industry, to make recommendations ahead of DECC's review of UK oil refining which is expected to be published toward the end of 2013.
The oil refining industry is an important component of the UK energy mix, particularly in the transport sector, and sustains an estimated 26,000 indirect and direct jobs.
At a time of increased global demand, UK domestic production is in decline, leading to an increased reliance on imports. Regulatory and legislative burdens have added to industry costs, and UK industry has not managed to keep pace with the global shifts in supply and demand.
Domestic production cannot keep pace with rising demand, especially for diesel products. The UK is reliant on imports for 56% of its jet kerosene. Such reliance on imports could have significant implications for energy security and resilience.
UK industry is struggling to compete under the burden of UK and EU regulations and legislative requirements. It is clear that a level playing field must be established for all operators if the UK oil refining industry is to continue growing.
|Format||Paperback||Published||26 Jul 2013|
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