Shell slates Aussie refinery for closure

Shell Australia Ltd. is likely to close its Clyde refinery in Sydney by 2006."On present industry outlook, it is difficult to see a future for our Clyde refinery beyond 2006," said Shell Australia Chairman and Chief Executive Peter Duncan recently.The company has commissioned a detailed study of Shell's existing and future manufacturing and supply arrangements in New South Wales. The 160,000 b/d Clyde refinery produces about 40% of Sydney's fuel requirements.The refinery, along with Australia's seven others, is struggling to compete with Asian product imports. The country's refiners are also faced with meeting the high cost of revamping their plants in order to comply with Aus...

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