UPDATE: Refining NZ looks to bring forward dredging

Fri, 22 Feb 2019

(Adds comment on dredging from top, earnings detail and fuel oil initiative to end.) By Gavin Evans Feb. 22 (BusinessDesk) - New Zealand Refining is investigating whether it may be able to bring forward a project to improve the shipping channel into Whangarei harbour by a year. The widening and straightening of the channel will enable users of the Marsden Point refinery to deliver crude oil in fewer, but larger tankers, and could lift the refinery’s margins on each barrel by as much as 30 US cents. Chief executive Mike Fuge says th...

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