First Boost to Secure Emergency Oil Stockpiles in Australia

First Boost to Secure Emergency Oil Stockpiles in Australia
Steel pipes carry crude oil in a factory. tomas/Adobe Stock
Daniel Khmelev
Updated:

The Australian government has delivered its first payment to local oil refineries as part of a pledge to raise the nation’s worryingly-low stockpile levels and maintain domestic oil production.

Australia is estimated to have 68 days of crude oil in reserve—the only country with less than the 90 days recommended by the International Energy Agency to avoid fuel security issues in the case of global oil supply disruption.

Daniel Khmelev
Daniel Khmelev
Author
Daniel Khmelev is an Australian reporter based in Perth covering energy, tech, and politics.
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