Major fuel refiner and service station operator Viva Energy has said it may have to close its Geelong oil refinery for good as significantly reduced demand for fuel continues to weigh on the business | domp
Major fuel refiner and service station operator Viva Energy has said it may have to close its Geelong oil refinery for good as significantly reduced demand for fuel continues to weigh on the business.
Full production could resume at the plant by mid-November if the Victorian government's roadmap out of stage four restrictions is followed, the company said, however chief executive Scott Wyatt said the extended restrictions could still affect the company's plans.
If the Geelong plant is closed, Australia will be left with just three oil refineries. Viva's was the second-largest in the country, processing up to 120,000 barrels of oil a day and supplying around 10 per cent of the nation's liquid fuel needs.
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