April 12, 2011
Asian competition may shut Sydney Shell refinery.
That would be competition from another Shell refinery wouldn't IT.
NOT MAKING ENOUGH PROFIT IS THE CRY
TELL THE MOTORISTS,
WHEN OIL WAS AT $150 PER BARREL WE PAID $1.35 PER LITER.
NOW OIL IS $120 PER BARREL WE ARE PAYING $1.45 PER LITER WHY, HOW COME?
OIL giant Shell has warned the growth of mega-refineries in Asia may force it to close its Sydney refinery and turn it into an import terminal.
Hundreds of jobs may be lost when Shell decides within weeks whether to go ahead with the closure of the refinery, which supplies almost half of NSW's fuel.
Shell says the 75,000 barrels per day Clyde Refinery and Gore Bay terminal can no longer compete with the mega-refineries being built in Asia, due to its small size.
The company says the outlook for refining margins remains weak due to overcapacity from refineries in India, Korea, Japan and the Middle East.
Have the motorists in Australia ever seen a weakening at the petrol pump.
“There has been a number of new, very large refineries built in the region in the past few years and indeed we see more being built in the future,” Shell vice-president Andrew Smith, of downstream operations, said today.
“That is creating an overcapacity in refining and recent predictions for the outlook for refinery margins(PROFITS) remain weak.”
God forbid that we should ever have another conflict, because we would have to ship in most of our oil for NSW.
SHELL HAS A BIRTHDAY EVERY DAY IN AUSTRALIA