SHUTTING OF SUEZ
Little Effect On Refinery Gift Press Association! WELLINGTON, Nov. 28. Higher freight rates arising from the closure of the Suet Canal were unlikely to react In any significant degree on the profit of the New Zealand Refinery Company, Ltd, the' chairman, Mr A. H. Barran, said at the company's annual meeting yesterday. Except for one brief period, supplies of crude oil to the refinery had been maintained during the crisis. Apart from the short shutdown in August, the refinery had been at full capacity, he said.
The company expected a shutdown for about 10 days early next year for the replacement of catalyst and for maintenance work.
Production in the year to' June 30. 1968. was expected to be about the same as last year.
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Bibliographic details
Press, Volume CVII, Issue 31539, 29 November 1967, Page 11
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128SHUTTING OF SUEZ Press, Volume CVII, Issue 31539, 29 November 1967, Page 11
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