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    Home»Latest News»Fire breaks out at crucial Australian refinery, raising fuel supply fears | Business and Economy News
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    Fire breaks out at crucial Australian refinery, raising fuel supply fears | Business and Economy News

    Ironside NewsBy Ironside NewsApril 16, 2026No Comments3 Mins Read
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    Fuel leak ignites Viva gas plant, which produces about 10 p.c of Australia’s gas, in Geelong, Victoria.

    Columns of fireside have engulfed the biggest of Australia’s two oil refineries, simply because the ⁠nation faces stress to shore up gas safety with the Iran warfare disrupting international provide.

    Victoria State fireplace authorities mentioned the blaze, which broke out at a 120,000 barrels-per-day refinery in Geelong run by Viva Power on Wednesday evening, had been introduced “below management” at midday (02:00 GMT) on Thursday.

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    Flames as excessive as 60m (200 toes) erupted after a fuel leak ignited on the plant, firefighters mentioned. It’s considered one of solely two working oil refineries in Australia.

    The refinery, about an hour’s drive southwest of the state capital, Melbourne, pumps out about 10 p.c of Australia’s gas, in line with vitality firm Viva.

    The hearth got here at a foul time for Australia ⁠because it relies on imports for 80 p.c of its gas wants and has been racing to interchange provide disrupted by the Center East battle, which has pushed up vitality costs worldwide.

    Kevin Morrison, an vitality finance analyst, mentioned the broader Asia Pacific area has been going through a gas safety difficulty and Australia doesn’t have main stockpiles.

    “This key space of provide being knocked out for a non-known time frame is kind of a difficulty,” Morrison mentioned, talking to Al Jazeera from Sydney.

    He confused that the plant is “a really outdated” one which began working within the Nineteen Fifties and, due to the continued international oil disaster, it was working at most capability.

    Further provides

    Prime Minister Anthony Albanese, at present visiting Malaysia, mentioned on Thursday that Australia had secured an extra provide of some 100 million litres of diesel from Brunei and South Korea.

    “That is the primary of many anticipated shipments secured below the federal government’s new strategic reserve powers,” he informed a information convention.

    Wednesday’s fireplace ripped via a bit of the refinery liable for producing high-octane petrol, Power Minister Chris Bowen earlier mentioned.

    By triggering isolation valves, different components of the plant producing jet gas and diesel had been spared the worst of the blaze.

    Canberra urged Australians to disregard the impulse to hurry out and panic-buy extra gas.

    “It’s necessary that individuals purchase as a lot gas as they want, however no extra, no much less,” Bowen mentioned.

    ‘Very difficult incident’

    Incident controller Mark McGuinness mentioned a “important leak” of extremely flammable gases and liquid hydrocarbons had triggered the inferno.

    “It was fairly ferocious. It went from a small fireplace via a number of explosions to a big, intense fireplace,” he informed reporters.

    Pictures taken on Thursday morning confirmed thick clouds of smoke billowing over the economic complicated.

    Viva Power boss Scott Wyatt mentioned it was a “very difficult incident”.

    “Manufacturing just isn’t our main precedence right this moment,” he informed reporters. “Right this moment, it’s getting the positioning secure.”

    Australia holds roughly 38 days’ petrol in reserve, in line with authorities figures, far under the 90-day minimal dictated by the Worldwide Power Company.

    Whereas the federal government has up to now resisted strikes to ration gas, it has urged drivers to preserve petrol the place they’ll and to favour public transport if attainable.

    Like most nations in Asia and the South Pacific, Australia is closely reliant on oil shipped via the Strait of Hormuz, which at one level carried one-fifth of the world’s oil and fuel.

    Transport visitors via the very important waterway has primarily ceased since the US and Israel launched their war towards Iran on February 28.



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