The UK's decision in 2016 to leave the European Union presents a number of significant challenges and opportunities to the UK downstream oil sector.
Whilst the message coming out of Westminster has often been confused and incohesive, UKPIA has been consistent throughout the negotiations that a deal between the UK and EU that enables barrier-free trade, retains UK collaboration in EU-wide systems and which allows for a sustainable and resilient sector should be the top priority for all sides.
A deal with the EU is needed to maintain the competitive and efficient supply of fuels in this country. It is essential an agreement is concluded that meets the needs of industry and the consumers reliant on the products we provide.
If they are not, the risks to our sector and to the people, families and businesses that depend on our products - and the wider economic activity which those products underpin - will be increased significantly.
Working with our members, UKPIA has produced a number of papers addressing our industry's positions, both in terms of our preferred negotiating outcomes and what to expect in the event of a 'No Deal' Brexit.
To learn more about Brexit and the impact of leaving the EU on the downstream oil sector, read our briefing papers below or contact email@example.com to speak to one of our specialists.