BP Australia will decommission its 146,000 bbl/d Kwinana refinery, near Fremantle in Western Australia by the end of March 2021, citing the competition from large-scale, export-oriented refineries throughout Asia and the Middle East. BP has already stopped importing oil for the refinery, which will be converted into a fuel import terminal that is expected to be operational in 2022.
There are four refiners in Australia: BP (Kwinana refinery, 146 kb/d), Vitol (Geelong refinery; 128 kb/d), Ampol (Lytton refinery; 109 kb/d), and ExxonMobil (Altona refinery; 90 kb/d). In September 2020, Australian oil company Viva Energy (Vitol) announced that it could close its 128,000 bbl/d Geelong refinery in Victoria, due to the fall in petroleum products demand. In October 2020, Ampol (formerly Caltex) stated that it was considering closing its 109,000 bbl/d Lytton refinery due to the depressed market. In November 2020, BP decided to stop its 146 kb/ Kwinana refinery. In February 2021, ExxonMobil decided to close its 90,000 bbl/d Altona refinery in Victoria.
Interested in World Refineries?
Use this powerful business intelligence tool to assess current and future production capacities of oil products by country and by zone. Gain insight into companies' asset portfolios and future trends for refined oil production capacities, giving you the ultimate edge for strategy and decision-making.