In recent years the global oil refining industry has been undergoing significant structural change. Larger, more efficient 'mega-refineries' have been established in Asia resulting in increased competitive pressures on established refining operations, including those in Australia. There are no existing refineries currently operating in NT.
In 2013-14, 82 per cent of crude oil and other refinery feedstock was imported.544 New refinery capacity is unlikely to be developed in Australia in the foreseeable future.
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544. Carson, L. (2014), p. 108