Photo / 123RFBy RNZRefining NZ shareholders have voted overwhelmingly to switch Marsden Point to an import-only fuel terminal from mid next year, signalling the loss of hundreds of jobs at Marsden Point. The change will mean the Marsden Point operation will no longer process crude oil, and all of the country's fuel and petrol supplies will be imported from Asia. New Zealand could source fuel from a range of refineries in a range of countries, she said. Refining NZ chair Simon Allen told shareholders this morning the strategic review had made clear the business could not continue as normal. He said conversion to an import terminal would ensure the country's fuel needs were maintained.

Source: New Zealand Herald August 06, 2021 02:04 UTC