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Energy group notifies insurers after huge refinery blaze

Viva Energy Group has told the Australian Securities Exchange it has property and business interruption cover for last week’s fire at its Geelong refinery.

Trading in the listed group’s shares resumed today after being halted on Thursday following the huge blaze.

“In the short-term, Geelong refinery expects to be producing diesel and jet fuel at approximately 80% of capacity and petrol at approximately 60%,” Viva said today.

“The company has sufficient fuel stocks to cover this reduced production and expects to maintain normal fuel supply to our customers following this incident.

“An assessment of damage, repairs, duration and financial impact to return to fully optimised production will commence this week.

“The company has insurance coverage for property damage and business interruption and has notified its insurers of the incident.”

Viva says a comprehensive investigation will examine the fire’s cause.