Altona Closure To More Than Halve Australia's Refining Capacity By 2022

摘要

1. Another oil refinery in Australia has been earmarked to shut after ExxonMobil determined that maintaining operations at its Altona refinery will no longer be economically viable. 2. As a consequence, Australia's refining capacity stands to be more than halved over the next few quarters, and in the process, leaves the country staring at the prospect of a significant increase in dependence on foreign fuel imports. 3. The imminent sharp surge in Australia's deficit in fuels will be most welcomed by the region's net fuel exporters facing an increasingly crowded market although crude suppliers stand to lose out.