Tensions rise over Marsden Point refinery plans

Thu, 17 Dec 2020

Z Energy has stopped making top-up payments to Refining NZ, saying the proposed simplification plan for the Marsden Point oil refinery won’t give it access to the capacity it is contracted for.Z, the country’s biggest fuel retailer and the second-largest shareholder in Refining NZ, said it has issued a formal dispute notice under its processing agreement with the refinery. It said it had tried to resolve the differences through dialogue and was now seeking an accelerated dispute resolution process to settle the issue “more qui...

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