BP has announced it has agreed to renew its state agreement with the Western Australian state government for a further 30 years, subject to parliamentary approval.
The renewal of the agreement will enable the ongoing operation of Kwinana Refinery, Australia’s largest refinery and a significant contributor to the local economy.
It has been introduced to the WA parliament as a bill with modernised terms, including a focus on ensuring local businesses continue to have access to supply chain opportunities generated by the refinery.
“BP is proud of its long history of more than 60 years as part of the Kwinana community and working with local businesses, and is focussed on underpinning continued safe operations at the refinery,” said Des Gillen, refinery manager, BP’s Kwinana Refinery.
“The refinery is a vital strategic asset for Western Australia and the introduction of this bill to parliament is a sign of the government’s commitment to ongoing employment and energy security for the state and the country.
“With more than $80 million in upcoming planned maintenance and investment activities, we are committed to ongoing investment in the refinery to provide competitively priced fuels across the country.”
BP has also invested significantly in growing its retail fuels business over recent years. It has opened new retail sites and truck stops, refreshed existing sites, launched its best ever premium fuels, expanded on its loyalty partnership and developed the industry’s first smartphone payment app.
Brooke Miller, BP’s vice president, sales and marketing, Australia, said: “We are leading the way in being the first fuels retailer to bring exclusive and innovative new offers to our customers in the Australian market.”
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