Australia has abundant and diverse energy resources, including coal, natural gas, oil and uranium. The country also uses alternative resources such as wind, solar, geothermal and ocean power.
However, Australia currently falls behind in International Energy Agency's (IEA) requirements regarding stockpiling oil barrels, due to exporting a significant portion of its domestic crude oil to Asia. Established in 1974, by the world’s largest oil consumers, the IEA is responsible for the supply of oil to the energy market in the event of a world disaster.
All members of the IEA are required to store oil stocks equivalent to 90 days of imports, which can be utilised in the event a crisis. As of July 2015, Australia’s stockpiles stood at just 57 days, failing to meet IEA targets. The Gladstone oil refinery project will help Australia achieve its stockpile objective by producing up to 80,000 barrels a day.
Looking for a new construction job? The new AUD $3.2 million ‘Fuel Security Project’ will bring new work opportunities as the oil refinery is expected to create 1800 new construction jobs in Queensland.
Australia fuel security project key facts:
- The AUD $3.2 million ‘fuel security’ project is an oil refinery and diesel import terminal.
- The project is expected to take up to six years to complete, starting within the next six months.
- The oil refinery will create 1800 jobs during construction and 180 once operational.
Whether your area of operations is in residential or commercial renewables, Design & Construct is here to introduce you to the ideal fit for every role. As Australia’s leading construction recruitment agency, we will find the perfect candidate for your needs, guaranteed.
IEG. (2016). Retrieved 14 October, 2016 from https://www.iea.org/countries/membercountries/australia/
Gladstone observer. (2016). Retrieved 14 October, 2016 from http://www.gladstoneobserver.com.au/news/no-fifo-25b-industry-create-1800-jobs-gladstone/3097517/