BP refines its long-term vision

BP's closure of its Bulwer Island plant is the latest in a line of sub-scale refinery shutdowns in Australia, as an oversupply of product forces oil companies to rethink their corporate strategies.

First it was Caltex, then Shell. Now BP has also been forced by the economic realities of operating oil refineries in this market to reassess its operations and to conclude that it should shut down refining capacity.

BP’s announcement today that it would close its Bulwer Island refinery in Brisbane was almost a forgone conclusion given what has preceded it.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles