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Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. [1] Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously Australia and South Africa) under a trademark licensing agreement with Chevron.
Visakha refinery was commissioned by Caltex Oil Refining (India) in 1957, with an installed capacity of 0.675 million tonne per year.. The facility was acquired by the Government of India in 1976 and amalgamated with HPCL in 1978 by the CORIL-HPCL Amalgamation Order, 1978.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
In 1976, the company was nationalized under the Act on the Nationalisation of Foreign Oil companies ESSO (1974), Burma Shell (1976) and Caltex (1977). [8] On 24 January 1976, the Burmah Shell was taken over by the Government of India to form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum Corporation Limited.
The process of economic liberalisation in India began in 1991 when India defaulted on her loans and asked for a $1.8 billion bailout from the IMF. [9] This was a trickle-down effect of the culmination of the cold war era; marked by the 1991 collapse of the Soviet Union, India's main trading partner.
The refinery was built in 1956 by Caltex on 174 hectares (430 acres) of land located in Botany Bay, close to Sydney. About 3,000 men worked at the project's various sites during the peak of construction. [1] It was further expanded in 1964 and 1973. On 26 July 2012, Caltex announced its decision to close the refinery in the second half of 2014.
GS Caltex Corporation (Korean: 지에스칼텍스 주식회사) is a South Korean Energy and Chemical company jointly owned by Chevron and GS Group. The company was founded in May 1967 as the first private oil company in Korea.
Caltex Australia proposed to rebrand itself back as Ampol, which was approved by more than 99% of shareholders during the annual general meeting on 14 May 2020. [67] [68] Caltex Australia cited continued high recognition and regard for the Ampol brand, and the move was expected to save the company $20 million per year in licensing fees to ...