(EnergyAsia, April 27, Friday) — New Zealand Refining Ltd, which operates the country’s only refinery, said it will expand its 102,000 b/d crude processing capacity by 20%.


Its four largest shareholders, BP, Caltex, Mobil and Shell, have approved investing NZ$180 million in the project that will help raise products output by at least 10%. (US$1=NZ$1.34).

 

Founded in 1961, New Zealand Refining Ltd operates the Marsden Point Refinery near Whangarei.