Refinery simplification dispute notice
NZX announcement
22 December 2020
Refinery simplification dispute notice
Refining NZ advises that bp Oil New Zealand Limited has now issued a notice of dispute under its
Processing Agreement with Refining NZ in relation to Refining NZ’s plans to simplify the
Marsden Point oil refinery operations. Refining NZ has also issued a notice of dispute under the
Processing Agreement to bp in relation to a separate claim by Refining NZ that the Fee Floor
payable by all customers in combination should be $70m per annum higher.
Bp and Refining NZ have agreed to defer the dispute process through January while the parties
continue to negotiate in relation to a potential future staged transition to an import terminal.
Authorised by:
Chris Bougen
General Counsel and Company Secretary
For further information:
Ellie Martel
Government and External Affairs Manager
Ellie.Martel@refiningnz.com
+64 (0)20 4174 7226
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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