Australia supplies much of its oil consumption needs domestically. The first Australian oil discoveries were in southern Queensland near Moonie. Australian oil production now amounts to about 25 million barrels per year. Natural gas fields are liberally distributed throughout the country and now supply most of Australia’s domestic needs. Minerals in Australia have had a tremendous impact on the country’s human history and
patterns of settlement. Most of Australia’s substantial iron ore reserves are in Western Australia in and around the Hammersley Range.
In fact Australia consumes about 947,000 barrels of oil per day, and imports 331,000 barrels per day, so about a third of its oil needs come from imports.
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