NZ Refining says pipeline leak won't hit revenue as hard

Mon, 25 Sep 2017

By Rebecca Howard Sept. 26 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery in Marsden Point, said the impact of damage to the pipeline between the refinery and the Auckland depot will be less than anticipated. The damage - reported early last week - disrupted fuel supply, prompting a joint industry and government response. Whangarei-based New Zealand Refining now expects to miss out on $8 million to $9 million of pipeline and refining income after the disruption versus a prior estimate of $10 million...

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