Business
Ampol weighing all options as Australia’s oil refinery crisis persists – Sydney Morning Herald
Fuel giant Ampol has described rival BP’s decision to shut the country’s largest oil refinery as a warning of the severity of the threat facing the sector.
Ampol’s review of its Lytton refinery, scheduled to be completed by the second quarter of next year, comes as British oil major BP prepares to cease operations at its Kwinana plant in Perth, leaving Australia with just three refineries remaining and a greater reliance on imported transport fuels.
“An announcement like that reinforces the challenge,” Mr Halliday said. “It’s reinforced how challenging the environment is and is likely to remain.”
Australian oil refineries which process crude oil into…
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