Government announces multi-billion defence fuel security contract
Defence Industry Minister Pat Conroy has announced a $450 million per year deal with Viva Energy Refining to safeguard national fuel security through a major contract to refine and supply fuel for the Australian Defence Force.
Australian company Viva Energy Refining has been awarded a $450 million per year contract, subject to market fluctuations, for an initial six years which may be extended to 12 years.
The contract includes the supply of the specialist military aviation fuel for Navy helicopters, known as F44, and could be worth an estimated $2.7 billion over six years.
Minister for Defence Industry, the Hon Pat Conroy MP, welcomed this announcement saying, “The Albanese government is proud to be supporting Australian industry and jobs rather than importing specialist military aviation fuel.”
This fuel will be produced at the Viva Energy refinery in Geelong, Victoria, one of two remaining oil refineries in Australia, where around 1,000 people are employed.