May 17 (Reuters) - Viva Energy Group Ltd (VEA) :
- WELCOMES ANNOUNCEMENT BY FEDERAL GOVERNMENT TO IMPLEMENT A LONG-TERM FUEL SECURITY PACKAGE
- EXPECTS TO COMMIT TO AND PARTICIPATE IN FSP
- NOW LOOK FORWARD TO A PERIOD OF SUBSTANTIAL INVESTMENT IN GEELONG
- AS PART OF PACKAGE, VIVA WOULD MAKE A SIX-YEAR COMMITMENT TO MAINTAIN REFINING OPERATIONS THROUGH TO 30 JUNE 2027
- FUEL SECURITY SERVICE PAYMENT INTENDED TO COMMENCE FROM 1 JULY 2021 AND WILL CONTINUE TO 30 JUNE 2027
- FSSP REPLACES EXISTING TEMPORARY REFINERY PRODUCTION PAYMENT
- WITHOUT SUPPORT OF FEDERAL GOVERNMENT, OPERATIONS WOULD NOT BE SUSTAINABLE AT GEELONG
- TOTAL FSSP PAYMENTS RECEIVED THROUGH TO 30 JUNE 2021 ARE EXPECTED TO BE ABOUT $40 MILLION
News: VEA Viva Energy Group Welcomes Announcement By Federal Govt To Implement Long-Term Fuel...
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