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Tony Wood, Senior Fellow in Energy and Climate Change, Grattan Institute

What does the Geelong refinery fire reveal about Australia’s fuel supplies?

Australia Geelong Viva Oil United States Petrol Victoria crude oil

Late on Wednesday, Victorian firefighters were called to a large fire at Viva Energy Group’s oil refinery in Corio, a suburb of Geelong. The blaze is believed to have been an equipment failure. Thankfully, no-one was injured.

Viva is one of two refineries left in Australia, and supplies more than 50% of fuel in Victoria, and 10% of fuel in Australia. At the time of writing, the company was in a trading halt on the Australian sharemarket, pending an announcement regarding the impact of the fire.

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