Refinery Closures in Australia to Force Even More Import Reliance

BP is scheduled to shut in its long running 146,000 barrel per day Kwinana refinery in Western Australia by the end of March, following through on its intension to do so in an announcement from last October. Once completed, BP will convert the site over to an import terminal as previously announced. With this closure, Australia will be down to only three operational refineries to service the country.  Even with that, ExxonMobil is set to shut in its 90,000 barrel per day Altona refinery in Melbourne, while Australia’s Ampol still pondering the future of its 109,000 barrel per day Lytton refinery by mid-year. If Lytton does indeed follow suit and shut-in operations, this would leave the coun

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