MOBIL'S AUSSIE REFINERY REVAMP OKAYED

Mobil Oil Australia has a green light from Victoria's state government to proceed with its proposed $1 billion (Australian) upgrade of the Altona refinery near Melbourne. The 10 year project will improve the 98,500 b/d Altona refinery's ability to process a broader slate of world crude feedstocks. Mobil currently receives most of its crude feedstock via pipeline from declining fields in the Bass Strait off Victoria. The upgrade also will improve the refinery's environmental

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