Oz refineries close as oil production hits a new 2020 high 

FOR those following closely, it possibly isn’t an irony that Australia faces having little to no local refining capacity the year following bumper oil and liquids production, but from the outside it must appear particularly strange.

Oz refineries close as oil production hits a new 2020 high  Oz refineries close as oil production hits a new 2020 high  Oz refineries close as oil production hits a new 2020 high  Oz refineries close as oil production hits a new 2020 high  Oz refineries close as oil production hits a new 2020 high 
The majority of liquids Australia produces are already exported to Asia for refining, and all four of Australia's refineries combined are supplied by only 23%-27% local stock.