SINGAPORE (Reuters) - BP (>> BP plc) will cease production at its 102,000 barrels per day Bulwer Island refinery in Brisbane in May, a spokeswoman said on Thursday.
The company previously announced the closure of the refinery by mid-2015 as it restructures its struggling refining and marketing business in Australia.
Australia's refineries, owned by BP, Royal Dutch Shell
U.S. energy giant Chevron (>> Chevron Corporation) sold its entire stake in Australia's Caltex last month as falling oil prices and high costs hurt margins.
(Reporting by Jessica Jaganathan; Editing by Richard Pullin)