Minerals and petroleum sales in Western Australia topped $70 billion in 2008, an increase of 35% over the previous year.
According to figures from the WA Department of Mines and Petroleum total sales were $71.8 billion, which represents 89% of the State’s total merchandise exports.
WA minister of mines and petroleum Norman Moore believes the improved numbers put the State in a good position ahead of an uncertain future.
“It is encouraging to see WA’s resources industry was so strong in the lead up to the global economic crisis,” he said.
“This will go some way to insulating us against its worst effects.”
According to the figures, WA’s petroleum sector now accounts for 71% of Australia’s gas production and 66% of its oil and condensate production.
“These figures highlight the importance of WA’s resources sector to both the State and national economies,” Moore said.