BP to close Australia refinery and cut jobs

 
Suzie Neuwirth
BP YESTERDAY said it plans to halt operations at a small-scale refinery in Australia, slashing more than 350 jobs.

The FTSE 100 oil major will shut down the 102,000 barrels per day Brisbane refinery by mid-2015, due to commercial pressure from larger plants in the Asia-Pacific region. “The best option for strengthening BP’s long-term supply position in the east coast retail and commercial fuels markets is to purchase product from other refineries,” said Andy Holmes, president of BP Australasia. BP currently employs 380 staff at the plant.