BP quashes rumours of refinery closure

The BP Refinery at Kwinana. Picture: Louise White www.communitypix.com.au d413551
The BP Refinery at Kwinana. Picture: Louise White www.communitypix.com.au d413551

A financial newspaper reported last week that BP was considering the future of its refineries and petrol stations business in Australia, reporting that the sales would free up cash for their core energy production businesses.

Though BP would not comment on market speculation, a spokesman told the Courier the fuel giant was likely to pursue growth opportunities in Australia.

‘In November, BP stated it wished to pursue growth opportunities in the Australian fuels market and at the same time made an additional $150 million available to invest in its Australian retail operations during 2014,’ he said.

‘As a matter of policy, BP never comments on market rumour or speculation.’

Kwinana is WA’s only refinery and Australia’s largest, processing 137,000 barrels of oil a day and has a workforce of about 400.

BP’s Kwinana refinery is currently preparing for a major scheduled shutdown within months to undergo a multimillion-dollar maintenance program.