Refining NZ closed in 2022 due to falling refining margins and converted to an import terminal.īefore the refinery closed, MBIE investigated the likely impacts of the refinery’s conversion and actions to ensure the security of our national fuel supply under an import-only model. Its feedstock was predominantly imported crude oil from the Middle East and also some parts of Asia. Prior to this, Refining NZ ran New Zealand’s only oil refinery at the Marsden Point site between 19. The rest of our transport fuels, except for a small amount of biofuels, are imported through other terminals across the country. Channel Infrastructure focuses on supplying the Auckland and Northland fuel markets, handling between 3 and 3.5 billion litres of transport fuels annually, which is about 40% of New Zealand’s fuel demand. Most oil is imported from refineries in Singapore, South Korea and Japan. In April 2022, Channel Infrastructure began operating as a fuel import terminal at Marsden Point in Northland. New Zealand Petroleum & Minerals website (external link) Importing oil
CRUDE OIL PRODUCTION BY COUNTRY 2022 FREE
This site also contains industry overviews, free technical data, maps and latest news from the industry. Maui, discovered in 1969 and beginning production in 1979, formerly provided the majority of domestic oil production, but has since declined in significance.ĭetailed information on current and historical petroleum permits can be found on the New Zealand Petroleum & Minerals website.
Nowadays, the Maari, Pohokura and Maui fields make up over half of domestic oil production. Oil is extracted from several fields in the Taranaki region and exported. New Zealand exports local crude and imports refined petroleum products. Deregulation of the oil industry in 1988 removed price controls, government involvement in the refinery, licensing of wholesalers and retailers, and restrictions on imports of refined products. Oil is New Zealand’s largest source of energy and therefore has a strong influence on our economy. Oil, gas and LPG reserves statistics are available in the data tables on the Energy in New Zealand page. Monthly data tables for oil Oil reserve statistics The data will be updated on the second Thursday of each month.
CRUDE OIL PRODUCTION BY COUNTRY 2022 SERIES
Consumption data is contained in the quarterly data series above. The Ministry releases a monthly data series containing supply-side data (excluding consumption), which can be found below. These are detailed further in the Oil data tables.ĭata tables for oil Monthly oil supply statistics
This has resulted in changes to previously-published data. Revisions to previously published data: The Ministry has improved the methodology for producing oil production and consumption statistics, as well as updating some historical data. This spreadsheet contains the latest data on oil production, imports, exports, stock change, refining, and consumption in New Zealand.
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