Viva Energy’s refinery lost $30m

Viva Energy’s refinery lost $30m

2 years ago
The future of Viva Energy’s Geelong oil refinery remains in the balance after its losses accelerated in the September quarter, piling further pressure on the federal government’s fuel security measures to prevent the closure of a key manufacturer in lockdown-hit Victoria. The loss in refining totalled $30 million in the quarter, adding to the deficit of almost $50 million amassed in the June half. Viva said it was “pursuing all available options” to improve cash […]
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