NZ Refining ekes out extra margin from recent upgrades

Wed, 21 Oct 2015

By Paul McBeth Oct. 22 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, added an extra US cent to its margins from recent upgrades, and anticipates further gains from a bigger project to be completed next month. The Whangarei-based company has lifted margins 13 US cents per barrel from a series of initiatives aimed at lifting productivity, ahead of the 12 US cents per barrel improvement flagged in August, it said in a statement. The refinery anticipates the margin will be widened by a further 90 US cents...

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