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,…
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