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ISSUES
 Australia's
downstream oil industry has been built on a platform of refineries, producing
fuel in Australia to supply a nationwide network of fuel distribution
and retailing. This system has ensured security of supply of fuel and
other petroleum products to all sectors of the economy and community.
This system is now under severe challenge, from a combination of new
import sources, regulation that serves to advantage imports over domestic
production, and new entrants to the industry. The regulation framework
gives these new entrants a competitive advantage over the reinfer/marketers,
so much so that the future of refining in Australia is threatened.
Through the active involvement of its members, the Institute provides
responsible, professional and principled representation of the industry
along with factual and informed discussion of petroleum issues.
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