NZ Refining margin squeezed by hydrocracker shutdown and maintenance

Mon, 16 May 2016

By Paul McBeth May 17 (BusinessDesk) - New Zealand Refining's margins were squeezed by a planned shutdown of its hydrocracker unit and operational problems that needed repairing in the March/April period. The Whangarei-based company's net refinery margin was US$1.84 a barrel in March/April, with US$2.88/barrel sliced off by the closure, and a further US$1/barrel reduced by the repair work, it said in a statement. That's the smallest margin since March/April 2014 when the refinery's hydrocracker unit last faced a shutdown, producing a mar...

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