NZ Refining 2014 processing revenue may be crimped by as much as US$15M on extended shutdown

Mon, 14 Apr 2014

By Tina Morrison April 15 (BusinessDesk) – New Zealand Refining, the Marsden Point oil refinery controlled by its major customers, may receive US$15 million less in processing revenue this year because of a glitch in its maintenance shutdown which means it will probably produce less than last year. New Zealand’s only oil refinery has extended by 10 days a planned maintenance shutdown of its hydrocracker and related units because of the failure of a key compressor unit during the hydrocracker start-up, the Whangarei-based company said in a st...

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