Australia has only 18 days of gasoline in reserve according to a government review, while Saudi Arabia is quick to restore oil production in the wake of last week's drone attacks.
The country also has 22 days of diesel, 23 days of aircraft fuel and 24 days of crude oil in stock, according to the Department of the Environment and Energy Intermediate review report on the safety of liquid fuel, released in April.
The figures represent the number of days Australia stock lasts in "normal use", but do not take into account "fuel that is already in or traveling to petrol stations or products in tankers traveling to "Australia", says the report.
“It also excludes crude oil that could be refined in products in Australia. If these were included, our consumption days would be higher, "the report added.
But retired plane marshal deputy John Blackburn, a former member of the Royal Australian Air Force who previously investigated the country's fuel safety, said the ABC which was not close enough.
Instead, he claims that the country's reserves would probably dry up after a week if there was a serious supply disruption.
"Australia's fuel reserves concern" just-in-time "logistics delivery. It makes economic sense, but it's not very durable," he said.
THE SAUDI ARABIA NEEDS THE IRAN FOR THE DRONE ATTACKS
The warning comes after an attack on the oil processing plants of Saudi Arabia eliminated half of the country's oil production, about 5% of global production.
The Houthi rebels of Yemen have claimed responsibility for the attack. But on Wednesday, Saudi Arabia presented fragments of 18 drones and seven cruise missiles that claimed they were "material evidence" that Iran was behind the attack.
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"The evidence … you saw in front of you, make this undeniable," the spokesman of the Ministry of Defense, Colonel Turki al-Maliki said at a press conference.
He described the attack as "an assault on international humanity, a deliberate attempt to disrupt the global economy" and said the range of missiles showed that "it could never be launched from Yemen" .
US officials also believe that Iran is responsible and the attack has increased tension in the volatile Middle East region. President Trump said the United States does not want a war but has promised to "substantially increase" the sanctions against Iran.
On Thursday, Iranian Foreign Minister Javad Zarif warned of a "total war" if US or Gulf allies launched a military strike.
"I make a very serious statement on the defense of our country. I am saying very seriously that we do not want to engage in a military confrontation, "he added, adding that a military response based on the deception of weekend attacks would cause" many victims ".
He added: "But we will not blink to defend our territory".
"NO IMMEDIATE THREAT FOR FUEL SUPPLY"
Meanwhile, Federal Energy Minister Angus Taylor gave journalists a completely different figure outside Parliament on Monday.
He said that Australia has almost 90 days of fuel supply, according to the standards set by the International Energy Agency (IEA), a global authority that monitors energy security.
The AIE asks its members to do so maintain stocks equivalent to 90 days of their net annual imports in the event of an emergency.
"By our definition, we are around for 90 days. This is an adequate level of stocks because it is what is required by the International Energy Agency (IEA), "said Taylor.
Except as indicated in the April interim report, this estimate includes fuel "on the way to Australia", which the IEA does not allow countries to count.
"Australia has up to 80 days (average for 2018) of net imports if we count the fuel on the way to Australia," he said.
"We believe the stock in the water should be part of the obligations of the IEA," Taylor said.
In June, the IEA estimated that Australia has 58 days of oil reserves, the lowest among its 30 member countries.
But Taylor stated that the agency assured him that "there is no immediate threat to Australia's fuel supply" and that there are "large global trade stocks to ensure that Australia has the fuel it needs ".
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