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

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

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...

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