SHELL, MOBIL TO BUY AUSSIE REFINERY SITE

Shell Australia and Mobil Oil Australia have disclosed plans to obtain feedstock for their Victoria refineries as Bass Strait oil flow declines. They agreed to jointly acquire the former BP Australia refinery site at Crib Point on Westernport Bay near Melbourne. Plans call for spending $30 million (Australian) to redevelop the site, vacant since the mid-1980s. That involves building a tank farm and terminal to enable them to import and store crude before moving it via pipeline to their

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