New Zealand Refining Expects Up to $7.8 Million in 2014 Profits

PERTH, AUSTRALIA--January 28, 2015--Researched by Industrial Info Resources Australia (Perth, Australia)--New Zealand Refining Company (NRC) (Ruakaka, New Zealand), which owns the 135,000-barrel-per-day (BBL/d) Marsden Point Refinery, says it expects to record a net profit between NZD$9.5 million ($7.08 million) and $10.5 million ($7.83 million) for 2014. NRC has cited cheaper crude import prices and a favorable currency exchange rate as the main reasons behind the improvement since the middle of 2014. Within this article: Details of the Marsden Point Refinery upgrade by New Zealand Refining Company.