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
-
Business23 hours agoSilver reaches a 14-year high. Will it outperform the gold price this year?
-
Business23 hours ago3 ASX ETFs for beginners (and experts) to buy and forget
-
Noosa News24 hours agoOutback NSW graziers destock as ‘flogging’ from kangaroos worsens dry times
-
Noosa News20 hours agoCrime scene established as body found at Echo Beach on Gold Coast