NZ Refining to focus on Auckland, develop import terminal plan

Thu, 25 Jun 2020

Refining NZ plans to simplify its operations and focus its business on the supply of fuel into Northland and Auckland. The plan, which will capture the competitive benefit of the firm’s fuel pipeline into Auckland, will also enable the business to maintain ‘cash-neutral’ operations into 2021. “In parallel, the company will continue to evaluate a possible future staged transition to an import terminal, including exploration of a commercial framework with customers, overseen by the independent directors. “This process will include consid...

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