NZ Refining reports record annual throughput, margins for 2016

Tue, 17 Jan 2017

By Rebecca Howard Jan. 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery, said Wednesday its annual throughput hit record levels in 2016 and its fee income for the year was the third largest earned by the company in the past 10 years. The Whangarei-based company said its gross refinery margin over 2016 was a historically high average of US$6.47 per barrel, with annual throughput of 42.7 million barrels. Processing fee income was NZ$276.6 million. The gross refinery margin is the difference between t...

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