The Iran war exposes fuel dependency risks, Australia plans to study the construction of its first new refinery since 1965.

(1) The Australian federal and state governments, together with the industrial company Perdaman Group, will jointly study the feasibility of building a new refinery in Karratha, Western Australia, in order to rebuild domestic refining capacity. This move aims to address the country's excessive reliance on imported fuel, an issue highlighted by the Iran war. (2) Prime Minister Albanese is expected to announce the research plan on Tuesday, and the government will allocate 4 million Australian dollars (about 2.8 million US dollars) for this purpose. (3) If the project is eventually approved, the refinery, to be built and operated by Perdaman Group, will become the first new oil processing facility in Australia to enter operation since 1965.