News | National
20 Jan 2022 9:43
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  •   Home > News > National

    It could take years to know the full impact of the decision to stop refining oil at Whangarei's Marsden Point

    It could take years to know the full impact of the decision to stop refining oil at Whangarei's Marsden Point


    The oil refinery will convert into a fuel-import-only terminal from April.

    Refining NZ shareholders voted overwhelmingly for the change, due to the glut of global fuel supplies, high pipeline fees, and plummeting fuel demand.

    But JMI Wealth Director Andrew Kelleher says it will mean the loss of hundreds of jobs at the refinery itself -- and hundreds more at contractor companies.

    There are many contractors and suppliers with skilled workers that are reasonably dependent on the refinery.

    © 2022 Newstalk ZB, NZCity

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    A Northland scuba diving company hopes to be back up and running tomorrow, following last weekend's surges More...



     Today's News

    International:
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    Britney Spears felt "so sad" when she split from Justin Timberlake 8:46

    Cricket:
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    Entertainment:
    Kylie Jenner has reportedly landed a restraining order against an obsessed fan 8:16

    General:
    Gustav Legnavsky has drawn inspiration from watching Zoi Sadowski-Synnott and Nico Porteous secure Olympic bronze medals four years ago 8:12

    Netball:
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    Politics:
    A South Auckland school principal hopes students won't be stuck at home due to the threat of Omicron 8:12

    Rugby:
    Marcus Armstrong's banking on experience as his friend when he prepares for another tilt at motorsport's Formula 2 this year 7:52


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