Connect with us


Geelong’s Viva Energy records $95 million loss for oil refinery – ABC News

One of Australia’s last oil refineries records a multi-million dollar loss for the last financial year, threatening the jobs of 700 people, but releases a recovery…



Article feature image

Victoria’s last oil refinery and one of two remaining in Australia has recorded a multi-million dollar loss for the last financial year.
Key points:

  • Viva Energy’s Geelong refinery is one of two remaining oil refineries in Australia
  • The company has moved to diversify its operations into renewable energy and gas
  • The future of Viva’s oil refining operations remains uncertain, threatening Australia’s domestic supply for fuel

Geelong’s Viva Energy released its 2020 financial year results on Wednesday,…

Click here to view the original article.

Continue Reading

You might also like ...

These were the worst performing ASX 200 shares last week 6 March 2021
2 COVID-19 amplified ASX shares to buy