Australia considers new $10 billion oil refinery | 7NEWS
The Australian federal government is exploring the construction of a new oil refinery, potentially costing $10 billion, in response to concerns about fuel security and global trade disruptions. Australia currently operates only two oil refineries, located in Brisbane and Geelong, after eight facilities closed in the early 2000s. The country relies on imports for approximately 90% of its oil and fuel consumption, with the Prime Minister convening a national cabinet meeting to address fuel security amid ongoing Middle East tensions.
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