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Refinery simplification dispute notice

Legal21 December 2020CHIEnergy

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

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