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Energy

Z shows impatience over oil refinery closure

Ian Llewellyn
Fri, 05 Nov 2021

Z shows impatience over oil refinery closure
The end of oil refining in NZ is a contentious point, but it can't happen fast enough for Z Energy. (Image: Supplied)
Ian Llewellyn
Fri, 05 Nov 2021
Z Energy wants to get the end of oil refining at Marsden Point wrapped up as quickly as possible, not only to save it money but also to remove a possible roadblock to the takeover offer from Ampol.New Zealand’s largest fuel retailer reported a solid earnings result yesterday with a net profit of $92 million for the half-year, turning around a loss of $58m in the prior corresponding period, primarily driven by rising crude and product prices.It confirmed a fully imputed interim dividend of 7 cents per share to be paid in December with a fa...

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