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13 January, 2019 00:00 00 AM
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‘Offshore drilling best solution for Australia’s fuel supply shortfall’

Xinhua/UNB, Canberra

Australian Resources Minister Matthew Canavanon said on Friday that oil exploration in the iconic Great Australian Bight is the best opportunity to guarantee the nation's fuel security.

The Department of Energy and the Environment on Tuesday warned that Australia's low fuel supply was jeopardizing the country's reputation among fellow members of the International Energy Agency (IEA).

The IEA mandates that every member nation has at least 90 days' supply of fuel in reserve. However, the department revealed that Australia has only 27 days of total petroleum products.

As a response, the minister on Friday said that the government was working to increase its storage capacity, but the best way to avoid a crisis was to increase the domestic production of oil.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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