Australia Buys Aviation Fuel from China, Urea from Brunei Amid Middle East Conflict
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AI Summary (NQ-processed)
In response to energy shortages caused by the Middle East conflict, the Australian government announced it has purchased 600,000 barrels of aviation fuel from China, which is expected to double the country's overall stockpile. It is also procuring 38,500 tonnes of agricultural-grade urea from Brunei. Both purchases are financed by a newly established A$7.5 billion fuel and fertilizer security fund.