Business
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…
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,…
Continue Reading
-
Noosa News13 hours agoMan who rated his honesty ’10 out of 10′ at murder trial wins appeal
-
Noosa News21 hours agoQueensland government writes off up to $4 million worth of COVID-19 fines years after they were issued
-
Noosa News18 hours agoOlivia Dean to Perform at the 2025 ARIA Awards in Sydney
-
Noosa News17 hours agoThe 2025 AFL Grand Final is Australia’s Most-Watched Program of the Year