Ampol (ASX:ALD) completed repairs to the regenerator part of a fluidized catalytic cracking unit at its Lytton refinery in Queensland and expects total 2024 production of 5.2 billion liters, according to a Friday filing with the Australian bourse.

The petroleum company also deferred its scheduled turnaround and inspection of the fluidized catalytic cracking unit to the first half of 2026 to align with the planning and execution of its ultra-low sulfur fuels project, the filing said.

Ampol now expects its 2024 net capital expenditure to be AU$650 million.

In the same filing, the company said it plans to issue Australian dollar-denominated subordinated notes, subject to market conditions.

Proceeds from the notes will be used for debt refinancing and general corporate purposes, the filing said.

The company shares fell past 1% in recent Friday trade.

Price (AUD): $29.18, Change: $-0.36, Percent Change: -1.22%