Sir Jim Ratcliffe’s Ineos in North Sea pipeline row with US firm Apache
Ineos boss Sir Jim Ratcliffe is preparing for a legal battle with an oil firm which claims he is obstructing its access to a crucial North Sea pipeline.
Jim Ratcliffe, chairman and chief executive of Swiss-based petrochemical firm Ineos
US firm Apache insists chemicals giant Ineos is unfairly hiking charges to use the Forties pipeline system, which transfers oil and gas from the North Sea to the UK mainland.
Apache says Ineos, which owns the pipeline, wants to double the fees and is refusing to commit to transport all the fuel it wants to transfer. The firm is now turning to the High Court to enforce a deal it struck with the pipe’s former owner, BP.
Ineos said it will defend the case.