Z Energy Limited (NZX: ZEL) welcomes final investment decision on ITS

Z Energy welcomes final investment decision on import terminal

Z Energy (NZX / ASX: ZEL) (“Z”) welcomes the announcement today from Refining NZ (NZX: NZR ) informing that the final investment decision (FID) has been made to cease domestic refining and move to an import terminal by April 2022.

Z Chief Executive, Mike Bennetts, said the decision to move to importing refined fuels was the best choice for New Zealand and thanked the Board and Management of the Refinery for undertaking such a comprehensive, independent strategic review and then securing the approval of shareholders and customers.

Please see the link below for details

Z Energy welcomes ITS decision

Source: Z Energy Limited

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