Downsides of Marsden Point closure are increasing

Marsden Point oil refinery
It has been reported that the cost of imported bitumen will be rising by 40%.

The Mar­itime Union says fur­ther threats are emerg­ing from the clo­sure of Mars­den Point refin­ery.

It has been report­ed that the cost of bitu­men will be ris­ing by 40%.

Bitu­men is now import­ed after its local pro­duc­tion was phased out as part of the wind down of the Mars­den Point refin­ery by its own­ers.

Mar­itime Union of New Zealand Nation­al Sec­re­tary Craig Har­ri­son says it is naïve to think that oil com­pa­nies involved had any com­mit­ment to New Zealand oth­er than ensur­ing prof­it.

“Their inter­est is share­hold­er return. New Zealand’s inter­est is ener­gy secu­ri­ty. These two inter­ests are in con­flict with each oth­er.”

The recent buy out of Z Ener­gy by Ampol shows any local con­trol of fuel has been com­plete­ly lost, says Mr Har­ri­son.

Mr Har­ri­son says the cur­rent glob­al sup­ply chain cri­sis is a red alert warn­ing that New Zealand need­ed to have a strat­e­gy for secure ener­gy sup­plies.

Polit­i­cal ten­sions in the Asia Pacif­ic region were anoth­er emerg­ing threat to reliance on Asian refiner­ies.

Mr Har­ri­son says New Zealand can’t rely on the good will of glob­al fuel com­pa­nies and drew an anal­o­gy with what has hap­pened in ship­ping ser­vices to New Zealand in the last year.

“Pre­vi­ous Gov­ern­ments forced us into reliance on glob­al ship­ping com­pa­nies to move New Zealand exports and imports, and there was no back­up plan.”

Mr Har­ri­son says the Gov­ern­ment needs to move to keep Mars­den Point open to ensure New Zealand fuel secu­ri­ty, as well as ensur­ing New Zealand flagged coastal tankers remained in ser­vice.

 

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