MARKETS

ExxonMobil launches bid to stop New Zealand's refinery plans

Issues notice of dispute as Refinery NZ looks to "simplify" operations

Marsden Point refinery is the only refinery in New Zealand and will potentially be turned into an import terminal in the coming years.

On Friday after markets closed Refining NZ revealed it had received a notice of dispute from ExxonMobil over its plans to "simplify" its operations. Exxon, through its subsidiary Mobil, owns a 17.2%...

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