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Caltex to keep refinery

Caltex says it has no plans to close its Lytton refinery in Brisbane, despite a move to import more processed fuel from Asia. The company is to close its Kurnell refinery in Sydney next year and convert it into a fuel import terminal. But it said it wasn't looking to close down Lytton, despite some analysts saying it could be scaled back or axed.
By · 13 Sep 2013
By ·
13 Sep 2013
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Caltex says it has no plans to close its Lytton refinery in Brisbane, despite a move to import more processed fuel from Asia. The company is to close its Kurnell refinery in Sydney next year and convert it into a fuel import terminal. But it said it wasn't looking to close down Lytton, despite some analysts saying it could be scaled back or axed.
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Frequently Asked Questions about this Article…

No. Caltex says it has no plans to close the Lytton refinery in Brisbane, despite moves to import more processed fuel from Asia and some analysts suggesting it could be scaled back or axed.

Yes. Caltex has announced it will close the Kurnell refinery in Sydney next year and convert the site into a fuel import terminal.

The article states the Kurnell refinery will be closed and converted next year, but it does not give a specific date.

Yes. The company is moving to import more processed fuel from Asia, according to the article.

Some analysts have suggested Lytton could be scaled back or axed, but Caltex has publicly said it is not looking to close the Brisbane refinery.

The article says Kurnell will be converted into a fuel import terminal. While the piece does not detail operational steps, a fuel import terminal typically involves receiving and handling imported fuel rather than performing refining on site.

The announcement mentions the Lytton refinery in Brisbane and the Kurnell refinery in Sydney.

The article reports a strategic shift toward increased fuel imports from Asia while Caltex maintains operations at Lytton. It does not offer investment advice, so investors should watch for further company updates and official details before drawing conclusions.