New Fuel Refinery For Darwin

Submitted: Friday, Feb 10, 2006 at 07:32
ThreadID: 30626 Views:2524 Replies:2 FollowUps:0
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Announced last night on the local channel 9 news.
A brand new fuel refinery for Darwin. $450 million to build. Raw stock coming from condensate from the natural gas processing plant just up and running, cleaner that oil based crude, and no sulfur content. Means that as of 2009, Darwin, and the top end, as currently, fuel from Darwin terminal goies as far south as Tennant Creek, as far east as Barkley Home stead, and as far west as Victoria River. Currently, our fuel supplies are from Singapore, I belive. When the new refinery comes online, we will have access to some of the cleanest fuel in Oz! Bet ya it wont be any cheaper though.

Nick.
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Reply By: hopscotch - Friday, Feb 10, 2006 at 08:34

Friday, Feb 10, 2006 at 08:34
Did the report say who was to build the new plant?
The price may be a little better than you currently get but the Australian pricing system is built on Tapis crude which is Singapore pricing. Being closer to Singapore you may get a better deal than us far away southerners.

Kevin J
AnswerID: 154243

Reply By: Kiwi Kia - Friday, Feb 10, 2006 at 10:56

Friday, Feb 10, 2006 at 10:56
If they can make it cheap then they will sell on the world market and you will have to buy it back again at world market price ! The rich get richer.
AnswerID: 154272

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