Viva Energy hits one-week low as refinery's alkylation unit kept offline
Tue 01:25
BUZZ-Viva Energy hits one-week low as refinery's alkylation unit kept offline ** Shares of Viva Energy VEA.AX fall as much as 1.9% to A$2.09, their lowest level since June 16
** Fuel retailer says alkylation unit at the Geelong Refinery will remain offline and has been isolated from refining operations
** Viva expects Geelong, largest of Australia's only two refineries, to operate without its alkylation unit throughout 2027, based on damage assessment from a fire in April
** Co says the unit's isolation will affect the refinery's capacity to convert liquefied petroleum gas (LPG) into gasoline
** YTD, shares up 3.9%
(Reporting by Nichiket Sunil in Bengaluru)
Recent news on Viva Energy
See all newsAustralia's Viva Energy eyes worst week in a month as alkylation unit kept offline
Australia's Viva Energy extends losses as Geelong refinery's alkylation unit kept offline
Australian energy stocks hit lowest level since late February on weaker oil
Australia's Viva Energy drops on extended Geelong refinery unit outage
Brief: Viva Energy Group Says Alkylation Unit Remains Offline At Geelong Refinery