Woodside, BP get exploration go-ahead

The federal government has granted offshore petroleum exploration permits to four companies, including Woodside Petroleum and BP, to operate in Western Australia and South Australia.


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I notice that there is mention of a trade deficit in crude oil and refined products. Well with so much gas being exported and very little for local use and also value adding(refer Alcoa and Burrup Fertiliser's difficulty securing gas supplies), it no wonder there is a deficit. Australia needs to value add its natural resources.

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