NZ Refining says Marsden Point shutdown hit profit by $8.2 mln

Mon, 23 Apr 2018

By Sophie Boot April 23 (BusinessDesk) - New Zealand Refining, operator of the country's only oil refinery, says its 2017 oil pipeline failure knocked net profit by $8.2 million last year. At the company's annual meeting in Auckland this afternoon, chief executive Sjoerd Post said the failure of the pipeline between the plant at Marsden Point and Auckland in September had a net impact on profit of $8.2 million, according to a presentation published to the NZX. Post, who will leave the Marsden Point refinery operator at the end of July...

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