Murco: 400 jobs saved with Milford Haven oil refinery sale
31 July 2014 Last updated at 19:54 BST
A sale has been agreed on the closure-threatened Murco oil refinery in Milford Haven, safeguarding 400 jobs.
Workers feared the worst when a £300m deal to save the plant collapsed in April.
The future of the refinery had been in doubt since owner Murphy Oil announced it was no longer buying crude oil to be processed at the site.
But on Thursday, the Klesch Group confirmed it had signed the purchase agreement for the site.
Cemlyn Davies reports.