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RSS FeedsOperational Update - Jan/Feb 2020
(WorldNews Asia)

 
 

20 march 2020 01:51:27

 
Operational Update - Jan/Feb 2020
(WorldNews Asia)
 


20 March 2020 Refining NZ Operational Update for January/February 2020 HIGHLIGHTS The Company earned Processing Fees of NZD 23.0 million in January/February including Fee Floor payments by our customers. Refinery throughput for January/February was 6.9 million barrels, lower than planned due to late crude deliveries by our customers. Refining NZ`s Gross Refining Margin (GRM) was USD 1.04 per barrel which was heavily impacted by poor global refining margins, high crude oil freight costs and the building of residue for the planned turnaround. Fee Floor payments boosted the GRM to an effective USD 3.09 per barrel. Global refining margins were weak in January/February initially due to high...


 
23 viewsCategory: General > Asia
 
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