Kurnell Closure Casts Doubt on Australia's Refining Future

PERTH, AUSTRALIA--October 24, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--The closure of another Australian refinery has raised questions about the future of Australia's Petroleum Refining Industry. The closure of Caltex Australia's (ASX:CTX) (Sydney, New South Wales) Kurnell refinery will leave nearly 300 people without jobs, since the company has indicated that only 45 workers will be required to operate the fuel terminal. Within this article: Overview of the impact of the declining number of refineries in Australia. Other companies featured: Royal Dutch Shell (NYSE:RDS.A), (NYSE:BP)