5:00AM Saturday May 12, 2007
MELBOURNE: Royal Dutch Shell says it cannot commit to maintaining its Australian refining operations, and it’s possible Australia may end up importing all its refined fuel needs.
“When it comes a time for a major investment of hundreds of million of dollars then there’s a decision to be made, do you invest it in an old sub-scale local refinery or do you invest it in a big modern refinery in India or Singapore or somewhere and import,” Shell’s Australian chairman Russell Caplan said.