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Kerosene was used extensively in the mid-nineteenth century and early twentieth century as a fuel for lighting homes and streets. With the advent of the motor car, crude oil came into demand as a fuel. By 1911 petrol surpassed kerosene in sales as the fuel for most vehicles. [1] [2]: 48
Lytton Oil Refinery is an oil refinery in the Brisbane suburb of Lytton in Queensland, Australia. It is owned and operated by Ampol. It has a capacity of 6.5 billion litres of crude oil per year. [1] The facility employs 550 people. [2]
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Liberty Oil was founded in 1995 by David Goldberger and David Wieland, who had previously founded Solo in 1974, before selling it to Ampol in 1989. Goldberger and Wieland had been subject to a ten year non-compete clause however this was ruled void by the Trade Practices Commission when Ampol merged with Caltex.
Viva Energy Australia is a listed Australian company that owns the Geelong Oil Refinery and is licensed to retail Shell-branded fuels across Australia under a licence agreement.
In 1965, Ampol's Lytton Oil Refinery in Brisbane came on stream. [4] Pioneer International purchased a 20% stake in Ampol in 1979. [22] From 1980 until 1984, Ampol owned a 66% shareholding in Brisbane television station TVQ. [23] [24] In 1982, Ampol purchased the marketing and refining assets of Total Australia and changed its name to Ampol ...
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