In a statement released today (8 March), Viva Energy says it’s “appalled by events unfolding in the Ukraine and extends its sympathies to the innocent people affected by this terrible conflict”.
The company has also made the decision to cease purchases of crude oil of Russian origin while the conflict continues.
“Viva Energy sources crude from many different countries and expects to be able to maintain supplies of crude oil and fuel to support Australia’s energy security during these difficult and uncertain times. We are keeping the Australian government informed of the evolving situation,” says Viva Energy.
“Two Russian-origin crude cargoes were purchased prior to the conflict and are due to arrive in Australia over the next two months. Viva Energy has explored options to dispose of these cargoes, but there are no credible purchasers in the current market, and without these supplies, the company faces gaps in its refining program and potential fuel shortages. These cargoes have been purchased from international oil companies, rather than from Russian entities.
“While Viva Energy operates in Australia under the Shell brand, all our crude oil and fuel is purchased from Vitol, the world’s largest independent trader of energy based in Singapore. Shell has no involvement or connection with Viva Energy’s crude oil and fuel supply.”
