Business
‘Great relief’: Geelong refinery kept afloat as losses spiral to $100m – Sydney Morning Herald
Viva Energy intends to keep the Geelong oil refinery open beyond mid-2021 with the help of an emergency subsidy, offering hope for hundreds of workers.
Refining has obviously been incredibly challenging and remains so, he told The Age and The Sydney Morning Herald.
The company will continue to work closely with the federal government on the design and implementation of the longer-term package and expect this support will see the company maintain refinery operations beyond the conclusion of the interim refinery production payment.
Oil refiners have been under enormous pressure since the onset of COVID-19 travel bans have kept cars parked in driveways,…
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