NZ Refining lifts 2017 fee revenue 19%; signals growing pipeline capacity

Wed, 17 Jan 2018

By Paul McBeth Jan. 18 (BusinessDesk) - New Zealand Refining lifted processing fee income 19 percent in 2017 as the country's only refinery operator enjoyed wider margins in the year, helping offset a lower volume during the pipeline outage in September. The Whangarei-based company increased processing fee income, its dominant revenue stream, to $328.9 million in the 12 months ended Dec. 31 from $276.6 million a year earlier, it said in a statement. The number of barrels processed fell to 41,724 from 42,665 in 2016, although it was at a...

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