australia on wednesday said it will provide grants to two oil refineries to support major infrastructure upgrades as it seeks to strengthen local production amid a global energy shortage ampol ltds lytton refinery in queensland state and viva energy group ltds geelong refinery in victoria will each receive a grant of up to 125 million australian dollars us932 million australian prime minister scott morrison and energy minister angus taylor said in a joint statement the grants will be matched by both refineries for projects to upgrade their facilities which are expected to be completed before the end of 2024 the statement said covid19 the russian war in ukraine and trade restrictions have disrupted global supply chains and australia is not immune mr morrison said mr taylor said the grants would safeguard fuel security and help bring forward the rollout of ultralowsulfur fuel to 2024 from 2027