| LONDON, July 31
LONDON, July 31 Britain imported more oil
products than it exported last year for the first time in 30
years, an official report shows, and analysts say the country is
likely to stay dependent on overseas oil as its refineries
Britain exported 26.2 million tonnes of products such as
diesel, kerosene and jet fuel from its refineries last year, but
imported 28.2 million tonnes, due to the closure of two major
oil processing plants.
"The UK was a net importer of petroleum products in 2013 for
the first time since 1984, the year of the miners' strike," the
UK's Department of Energy and Climate Change (DECC) said in its
Coryton oil refinery in Essex closed for good in the second
half of 2012 while Scotland's Grangemouth refinery on the Firth
of Forth shut for several weeks from October 2013.
The loss of these plants contributed to a 6 percent decrease
in refinery production, the DECC said.
Industry analysts expect UK imports of oil products to rise
as more refineries shut due to competition from other regions.
"The UK could become a bigger net importer of petroleum
products because there are a lot of refineries at risk of
shutting down as refining margins have been very weak," said
Amrita Sen, chief oil analyst at Energy Aspects.
Murco Petroleum agreed on Thursday to sell its
Milford Haven refinery and terminal in Wales to Anglo-American
entrepreneur Gary Klesch after a long search for a buyer.
Around 2 million barrels per day of Europe's oil refining
capacity, or roughly 15 percent, must close by 2018 to balance
the market, oil consultancy JBC Energy says.
(Additional reporting by Ron Bousso; Editing by Christopher