Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East war

Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerabilityGet our breaking news email, free app or daily news podcastAustralia’s first new oil refinery in 60 years could be built in Western Australia under the Albanese government’s long-term strategy to shield the country from future global oil shocks.The commonwealth and the WA government will fund a $4m early-stage feasibility study into construction of what would be the country’s third large-scale petrol refinery. Continue reading...