NZ RegCo prods Refining NZ to update the market

The Marsden Point oil refinery may be converted to an import terminal.

Tue, 13 Apr 2021

NZX's regulatory arm is prodding Refining NZ on whether it should be updating minority shareholders about the lack of progress in negotiations with major shareholders over transforming the Marsden Point refinery into an import terminal.When it released its annual results in February, NZ's sole oil refiner said it had an in-principle agreement with BP, one of its three major shareholders which are all also its customers, on the conversion plan and that it was "focused on concluding customer negotiations in quarter one, 2021" wi...

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