Australia Eyes New Oil Refinery to Reduce Reliance on Imported Fuels

Australia’s government has launched a feasibility study for an oil refinery that, if approved, would be the first such facility to be built in the country in six decades.

According to Prime Minister Anthony Albanese, a new refinery would strengthen Australia’s self-sufficiency in fuel supply, protecting it from potential future oil shocks, Reuters reported, citing the top official.

“One of the things that building national resilience does is it makes Australia less vulnerable to the impact of events around the world,” Albanese…