Marsden Point refinery too vulnerable to fire, tsunami, says Air NZ

Marsden Point refinery too vulnerable to fire, tsunami, says Air NZ
By Pattrick Smellie Jan 8 (BusinessDesk) - New Zealand's only oil refinery, at Marsden Point, is too vulnerable to the risks of a major fire or destruction from a tsunami, says Air New Zealand in a submission on a government review of the country's transport fuel security arrangements. The national carrier also suggests the country should abandon its $10 million a year membership of the International Energy Agency, which it says is an anachronism and the money spent investing in more robust domestic fuel storage and transport infrastructure....