05 Oct '11, 4am

Economy may lose more than $100m if Pulau Bukom refinery is closed for more than a month: Economists

Economy may lose more than $100m if Pulau Bukom refinery is closed for more than a month: Economists

The giant Pulau Bukom refinery is Shell's largest in the world, and refines half a million barrels a day. -- PHOTO: REUTERS By Robin Chan The all clear was given on Shell's Pulau Bukom refinery site on Tuesday, even as operations remain in the process of being shut down. An all-clear safety siren was sounded at 2pm. However, the area around what is known as pump house 43, which is where the fire broke out seven days ago, is still under 'strict control' according to an internal staff memo. The local economy could suffer a hit of more than a $100 million if the massive Bukom refinery closes for a month, economists have said. The oil giant's plant, which refines 500,000 barrels a day and is Shell's largest in the world, was shut down following a 32-hour fire last week.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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