Marsden Point: New Zealand 'naive' to shut down its only oil refinery - Australian analyst

A Newshub article.

An Australian analyst warns New Zealand is being naive about the dangers of shutting down its only oil refinery.

Shareholders in Refining NZ vote this Friday on a recommendation from company directors to turn Marsden Point into a terminal that only imports processed fuels, ending six decades of the country having its own ability to make petrol and diesel.

The Government has received starkly different advice, but the latest and most substantial advice downplays the risks.

The head of the Northern Australia Strategic Policy Centre Dr John Coyne is aghast.

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