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Geelong Refinery Restarts, Fuel Flow Stabilizes
Description
Viva Energys Geelong refinery, which suffered a massive fire last week, has resumed trading on the Australian stock exchange. Despite the blaze, which disrupted fuel supply for Victoria and Australia, the company is working to stabilize production. Imports are currently covering the shortfall, and the refinery is operating at 80% capacity for diesel and jet fuel, with a 60% capacity for regular petrol. Energy Minister Chris Bowen has reassured the public that diesel and jet supplies should recover quickly. Although oil refining is not Viva Energys primary revenue source, the company is committed to restoring normal operations.
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