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- Release Date: 24/05/13 12:35
- Summary: MONTHLY: NZR: Throughput and Margin Report - March-April 2013
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NZR
24/05/2013 10:35
MONTHLY
REL: 1035 HRS The New Zealand Refining Company Limited
MONTHLY: NZR: Throughput and Margin Report - March-April 2013
The Processing Fee for the period March to April 2013 of NZD 30 million was
generated from a throughput of 7.2 million barrels.
The average Gross Refinery Margin(GRM) generated for the two month period was
USD 5.04 per barrel. As advised in the previous announcement, the
March/April period included a 5 day outage of the hydrocracker to repair a
steam leak in the hydrogen manufacturing unit. The outage limited our
ability to upgrade lower value residue feedstock into high value products,
affecting our GRM negatively. We experienced stable production during the
remainder of the period.
The average exchange rate for the two month period was USD/NZD 0.84.
The Singapore complex margin declined during the period and was on average
around USD 1.50 per barrel. We continue to see volatility in refining
margins, with the Singapore complex margins for May to date being reported at
below USD 1.00 per barrel.
Appendix I shows further information on throughput, margin and refining
income.
Year to date
The Gross Refining Margin on a year to date basis averages USD 4.62 per
barrel and the exchange rate USD/NZD 0.84.
Historic Analysis
A five year 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:00236617 For:NZR Type:MONTHLY Time:2013-05-24 10:35:42
