Coryton Oil refinery files for bankruptcy

Coryton Oil refinery files for bankruptcy

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the challenges faced by the Thames' last remaining refinery, which is struggling to survive due to ownership issues and financial instability. Local suppliers are not being paid, causing a ripple effect on their businesses. The refinery is crucial for fuel supply in the southeast, and its closure could lead to shortages. Despite the difficulties, there is hope for the refinery's future, as it is considered a viable and profitable business with the right support from customers and suppliers.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the current status of jobs at the Coryton refinery?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures have been taken by the refinery management to ensure profitability?

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