ExxonMobil May Close 400 Jobs Refinery

Oil giant ExxonMobil has another two and a half years to decide the future of the mothballed Port Stanvac refinery in Adelaide.

South Australian Treasurer Kevin Foley has released the agreement with Mobil that outlines a timeline of the plant's possible demolition and clean-up.

Mobil ceased operations at the oil refinery in Adelaide's south in 2003, saying the plant was no longer economically viable. The closure cost 400 jobs.