	bp australia reports mln dlr year loss the british petroleum co of australia ltd reported a mln dlr net loss for against a mln dlr profit in after sales fell to billion dlrs from billion the british petroleum co plc bp l unit attributed the deficit to stock losses arising from the drop in crude prices in the first half when it made a mln dlr loss it said government compensation in the form of subsidies to refiners to partially cover stock losses together with improved crude prices in the second half enabled the group s oil business to make a modest pre tax profit bp australia said it had not recommended a dividend commenting on the year s performance the company said it suspended operations at the pct owned agnew nickel mine because of losses sustained from declining nickel prices the results also included an mln dlr extraordinary writedown on the value of the laid up oil exploration drillship regional endeavour bp australia said it had sold its stake in chemical maker csbp and farmers ltd yielding an extraordinary profit of mln dlrs and expected to finalise the sale of the pct owned kwinana nitrogen co in the first half of reuter 
