Ann: MONTHLY: NZR: March/April Margin and Through

• Release Date: 31/05/12 16:07
• Summary: MONTHLY: NZR: March/April Margin and Throughput Report
• Price Sensitive: No
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NZR
31/05/2012 14:07
MONTHLY

REL: 1407 HRS The New Zealand Refining Company Limited

MONTHLY: NZR: March/April Margin and Throughput Report

Refining NZ Throughput and Margins Report for March-April  2012

The Processing Fee for March-April 2012 of NZD 23 million was generated from
a throughput of 6.6 million barrels for the two-month period. The average
Gross Refinery Margin (GRM) generated for the two month period was USD 3.99
per barrel with the average exchange rate of USD/NZD 0.82.  Margin and
throughput was impacted by a planned maintenance shutdown of the Platformer
and Crude Distiller Unit for 10 days during April and continuing for 7 days
in May.

Historic Analysis
Five years history of Throughput, Margins and Processing Fees is attached as
Appendix II and can also be found on the company's website www.refiningnz.com
End CA:00223490 For:NZR    Type:MONTHLY    Time:2012-05-31 14:07:24