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Baseefa Ltd

Shell to shut Australian Clyde oil refinery on September 30

09 July 2012

Oil giant Royal Dutch Shell will close its 79,000 barrels-per-day Clyde refinery in Paramatta near Sydney on September 30 and convert the facility into a fuel terminal. The refinery has been struggling with poor industry margins and intense competition from mega-refineries in Asia, Shell said in a statement.

"The initial decision to close and convert Clyde, taken in July last year, was consistent with Shell's strategy to focus its refining portfolio on larger assets and to build a profitable downstream business here in Australia," it said.

Shell said last July that refining operations were expected to stop at the site in mid-2013.

“The initial decision to close and convert Clyde, taken in July last year, was consistent with Shell’s strategy to focus its refining portfolio on larger assets and to build a profitable downstream business here in Australia,” said Shell Australia downstream vice-president, Andrew Smith.

The announcement means that Shell's Australian refining operations will soon be confined to the 120,000bpd Geelong refinery in Victoria. In February, Caltex said the outcome of a review into the role of its two refineries in its supply chain was expected to be known around August. The Kurnell and Lytton refineries have a combined capacity of 244,000bpd.


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