Energy

Ministers thought about subsidising oil refinery

Ian Llewellyn
Tue, 02 Nov 2021

Ministers thought about subsidising oil refinery

Cabinet thought about the future of oil refining in NZ as Marsden Point moves to an import only model. (Image: Supplied)

Ian Llewellyn
Tue, 02 Nov 2021

Ministers considered offering a subsidy to keep Marsden Point operating as an oil refinery, a cabinet paper shows.The paper released from a September meeting shows energy minister Megan Woods said the closure of the refinery is expected to have little impact on fuel supply resilience under most disruption scenarios.“But it could reduce New Zealand’s resilience to a low likelihood but high consequence event that leaves New Zealand with no ability to import fuels,” the paper said.Refining NZ is planning to shift to an import-onl...

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Ministers thought about subsidising oil refinery

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