Caltex to keep refinery

No. Caltex says it has no plans to close its Lytton refinery in Brisbane, even though it is moving to import more processed fuel from Asia and some analysts have suggested Lytton could be scaled back or axed.

Caltex plans to close its Kurnell refinery in Sydney next year and convert the site into a fuel import terminal, according to the article.

Yes. The article reports Caltex is moving to import more processed fuel from Asia, while stating this does not equate to plans to close Lytton.

Some analysts have suggested Lytton could be scaled back or axed, but Caltex has stated it is not looking to close down Lytton.

According to the article, converting Kurnell into a fuel import terminal means the site will be used to receive and handle imported fuel instead of refining it on site.

Caltex is scheduled to close the Kurnell refinery next year, as reported in the article.

The article indicates Caltex is increasing imports of processed fuel from Asia but has confirmed no plans to close Lytton. Investors can view this as a change in sourcing strategy combined with a commitment to keep Lytton operational.

Investors should watch the planned closure and conversion of Kurnell into a fuel import terminal next year, any further updates on Lytton's operational status, and Caltex's evolving import strategy from Asia—these are the main points highlighted in the article.