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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 12 March 2026
TCM - Financial Model
BRM - Scheme of Arrangement Update - NZ Commerce Commission
Devon Funds Morning Note - 11 March 2026
BGP - Full Year Results to 25 January 2026
BRM - Scheme of Arrangement Update - NZ Commerce Commission
The oil shock
Air New Zealand suspends FY2026 guidance
March 10th Morning Report
FSF - Mainland Group sale unconditional