Ernst & Young report Australia's refiners losing money

The latest report on Australia�s crude oil refining industry shows a continuing loss of income. Accounting firm Ernst & Young�s report on the finances for 1999 for the 'big four' refining and marketing companies�Shell Australia Ltd., Caltex Australia Pty. Ltd., BP Australia Ltd. and Mobil Oil Australia Ltd.�shows that they lost a combined total of $61 million (Aus.) on their Australian refining operations.

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