Deal of the Year: Morgan Stanley

Energy Risk Awards 2013 - logo

On January 24, 2012, Switzerland-based refiner Petroplus filed for bankruptcy. The move created deep uncertainty over the future of the company’s five refineries, including Coryton – a large and complex refinery in the south east of England with 900 staff, and a capacity of 220,000 barrels a day. At the time, Coryton was responsible for 20% of fuel supplies across London and the surrounding area, leading to widely publicised concerns about fuel shortages in the run-up to the 2012 Olympics.