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Stock Market & Financial Investment News

News Breaks
April 2, 2014
06:24 EDTBPBP says Bulwer Island refinery processing to halt in 2015
BP announced that it intends to halt refining operations at its 102,000 barrels per day Bulwer Island refinery in Brisbane, Queensland by mid-2015. To ensure no disruption to customers, alternate supply arrangements have been made and this includes imports of Jet fuel and a long-term agreement with Caltex for the provision of motor spirit and diesel from the nearby Lytton refinery. It is expected that it will take some twelve months to implement the changes required to maintain supply and safely shutdown the process units. BP currently employs some 380 staff at the refinery and between now and mid-2015 this is expected to fall to around 25.
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August 22, 2014
06:39 EDTBPBP drops $9.3B on fuel stations, exploration in Australia, Bloomberg says
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