Refining NZ, BP agree import terminal terms

Wed, 17 Feb 2021

Refining NZ said it has agreed in-principle terms with BP for using the company’s proposed import fuel terminal.The company said it has made significant progress on the option to convert its oil refinery at Marsden Point to an import terminal supplying Auckland and Northland. The facility would handle about 3 billion litres a year – 40 percent of the national demand – and at the earliest could start operating in 2022.The refinery – about 43 percent owned by BP, Z Energy and Mobil – has been negotiating with those c...

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