Infrastructure

Refining NZ on track to end oil refining as it waits on Mobil

Ian Llewellyn
Fri, 20 Aug 2021

Another step along the path to end oil refining in NZ has been made (Image: supplied)

Ian Llewellyn
Fri, 20 Aug 2021

Refining NZ has received lending consents from its bankers to move New Zealand’s only oil refinery to an import only terminal, but is still waiting for one key customer-shareholder to approve a deal.Releasing its half yearly result to June this year, Refining NZ said it was still on track for a final sign off for the business conversion by the board.One factor still to be signed off is the agreement with Mobil. Refining NZ already has agreement with the other two of its customer-shareholders – Z Energy and BP.Those in the sector spo...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE

UK trade deal reverses an ugly history

Tim Groser | Fri, 22 Oct 2021

The free trade deal announced on Thursday puts to bed half a century of troubled and tortured negotiations.

Technology

Scott Technology’s record result leans on meat and mining

Henry Burrell | Fri, 22 Oct 2021

The robotics firm’s strong global presence has been bolstered by a new deal with a white goods giant.

Retail

Small businesses in 'hard out survival mode'

Oliver Lewis | Fri, 22 Oct 2021

An economist is warning NZ businesses are entering the highest risk period for failures.

Refining NZ on track to end oil refining as it waits on Mobil

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team