Australia’s Downstream Sector Set for Shake-Up

摘要

Australia’s downstream sector could be set for a shake-up with Exxon Mobil reportedly reaching out to potential buyers for its Altona refinery and Canada-based convenience store Couche-Tard making a play for Caltex Australia. Taken together, Exxon’s possible divestment and Couche-Tard’s offer highlight the appeal of the country’s downstream retail sector and cooling toward small refining assets, at a time of growing competition from giant refining and petrochemical complexes in Asia.