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BP downsizes NZ refinery stake

BP has halved its stake in New Zealand's only oil refinery.

Haydn Black
Marsden Point refinery.

Marsden Point refinery.

BP announced on Friday that it had sold around half its 20% stake in New Zealand Refining Company for NZ$80.4 million ($A73 million).   BP did not disclose the buyer of the stake, but said in a statement...

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