UK downstream oil industry sets out key priorities for BREXIT negotiations and industrial strategy
20 October 2016
The UK Petroleum Industry Association has published its latest report, titled Fuelling the UK’s Economic Engine, setting out the key priorities for the downstream oil sector for a new relationship with the European Union and for a meaningful industrial and energy strategy that works for the whole UK.
The report outlines the challenges ahead for the sector and the potential policy solutions that will enable the creation of an environment where industry can deliver and thrive.
Chris Hunt, Director General of UKPIA, commented: "Essential to achieving a meaningful strategy for the future will be the creation of an environment where industry can deliver and thrive, getting the nation’s energy policy right, recognising the strategic value of the downstream oil sector, today and in years to come, and realising a secure energy future through a clear, stable and well-designed legal, fiscal and regulatory framework."
UKPIA represents eight oil refining and marketing companies that operate the 6 major oil refineries in the UK and source 86% of all petroleum products used. UKPIA members also own around 1,500 of the 8,494 filling stations in the UK.
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