Australian Prime Minister Scott Morrison has announced measures to improve the country’s fuel security, including a $250 million (US$187 million) grant to two oil refineries on the third day of the election campaign.
An Ampol facility in Brisbane and the Viva Energy refinery in Geelong will share the package, with each receiving $125 million to perform major upgrades.
The prime minister said the upgrade package would safeguard Australia’s fuel production and supply from global uncertainty caused by events such as the Russia-Ukraine war.
“COVID-19, the Russian war in Ukraine and trade restrictions have disrupted global supply chains, and Australia is not immune,” he said.
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