0
World
Development of a new oil refinery on the table in federal government discussions
April 22, 2026
Scroll
Posted 2 hours ago by
The federal government has held talks on the potential development of a new oil refinery as the war in the Middle East impacts Australia’s fuel supply. The government has amended the investment mandate of the $15 billion National Reconstruction Fund, allowing it to consider proposals for expanding the country’s fuel-making capacity. The fund is expected to focus on expanding existing oil refineries, but The Australian reports the government is also open to investment in a new refinery.
Video
The Prime Minister will chair a meeting of the National Cabinet today to provide an update on fuel security.
Sky News Australia
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: right
People's Voices (0)
Leave a comment
0/500
Note: Comments are moderated. Please keep it civil. Max 3 comments per day.