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Working with government to an agreed policy vision essential to meeting future energy challenges

Press Release

21st June 2011

UKPIA, the trade association representing the main oil refining and marketing companies in the UK, today publishes its 2011 Statistical Review of the downstream oil industry.

Launching the Review at UKPIA’s House of Commons reception to an audience that included Energy Minister Charles Hendry, sponsoring MP Stephen Crabb and many other MPs, Peers and industry guests, UKPIA President Dr Brian Worrall commented as follows:

“2010/11 has been yet another challenging year for the downstream oil industry.  UK refineries, like those in the rest of the EU, continue to be under enormous pressure through a combination of a tough commercial climate, reduced demand for oil products, structural imbalances in supply/demand and a challenging legislative background in the EU and the UK. This is partly why we have seen over the last two years, four of the eight UK refineries being placed on the market.”
He continued:
“The industry recognises the ambitions integral to government policies underpinning carbon reduction. However, the transition to a lower carbon environment presents its own challenges and is not going to happen overnight. The International Energy Agency forecasts that in 2035, even with a range of legislative measures to improve efficiency and reduce carbon emissions, oil will still be meeting close to 80% of the EU’s transport requirements.
Working together with government to an agreed policy vision will be an essential feature of meeting the numerous challenges facing the sector, as well as addressing the wider energy issues facing the nation, particularly those relating to security of supply, growing dependence upon imported fuels and the resilience of our fuel supply system.”

Ends

Enquiries to: Nick Vandervell, UKPIA Tel. 020 7269 7604
  

Notes to editors:

1. UKPIA represents nine oil refining and marketing companies that operate the 8 major oil refineries in the UK; the refineries processed 73 million tonnes of crude oil and produced 75.4 million tonnes of refined products in 2010 (Source: DECC- DUKES data). UKPIA members also own around 2,200 of the 8,787 filling stations in the UK.

2. The 2011 Statistical Review is available in pdf format on UKPIA’s web site www.ukpia.com under “Publications” or in hard copy from UKPIA. The publication brings together in one document a wide range of statistics and facts on the downstream industry in the UK, covering areas such as refining, where we obtain our crude oil from, distribution and consumption of transport fuels, fuel price data, filling stations, air quality and environmental impact. 

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