Australia plans first domestic oil refinery

Australia is considering establishing a local oil refinery for the first time in more than 60 years, as part of its efforts to enhance energy security and reduce reliance on imports, which currently meet about 80% of its fuel needs. This move comes amid pressures from the war in the Middle East and its impact on oil supplies. The federal government and the Government of Western Australia will jointly spend four million Australian dollars (approximately 2.8 million USD) to conduct a feasibility study for the project, aiming to secure fuel supplies and lessen dependence on external sources.

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