Future of refinery hangs in balance

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 15-Oct-20

Viva Energy’s Geelong refinery in Victoria has posted a loss of $30m for the September quarter, following a loss of nearly $50m in the first half of 2020. Viva will seek to boost cash flow at the refinery by reducing or deferring non-essential spending at the plant. The federal government’s $2.5 billion fuel security package may be crucial to the future of the refinery. Viva will provide an update on the outlook for the plant in December.

CORPORATES
VIVA ENERGY GROUP LIMITED – ASX VEA

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