News: TEG Triangle Energy (Global) Notes Announcement By BP It Intends To Cease Fuel Production At...

Nov 3 (Reuters) - Triangle Energy (Global) (TEG) :

• NOTES ANNOUNCEMENT BY BP THAT IT INTENDS TO CEASE FUEL PRODUCTION AT ITS KWINANA REFINERY
• NOT RECEIVED FORMAL NOTICE OF TERMINATION UNDER SUPPLY AGREEMENT
• BP ADVISED CO IT WILL CONTINUE OPERATING REFINERY IN CURRENT STATE WHILE COMPLETING PLANNING FOR CONVERSION TO FUEL IMPORT TERMINAL
• CO'S CURRENT PRODUCTION PROFILE AND OPERATIONS EXPECTED TO REMAIN UNAFFECTED FOR NEAR-TERM
• NOW ASSESSING ALTERNATE OPPORTUNITIES WHICH MAY BE AVAILABLE ONCE PRODUCTION AT KWINANA REFINERY CEASES
• WITHDRAWS ITS RESERVES & RESOURCES STATEMENTS FOR CLIFF HEAD FIELD