Australia is studying building its first refinery in six decades to mitigate the impact of the war between the US and Iran
The conflict in the Middle East exposes the dependence of a country that has left almost 80% of its energy supply in the hands of imports.
The Australian Government is considering a 180-degree turn in its energy strategy. For now, it is a small first step: the preparation of a feasibility study to build the first oil refinery in Australia and the South Pacific since 1960. The project represents a sharp change after decades of relying on imports for almost 80% of its fuel supply. The explanation is over 10,000 kilometres away: the blockade of the Strait of Hormuz and the supply problems it generates in the world.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
