KEY POINTS:
Drops in crude oil prices did not flow through and squeeze refining margins in the last two months of 2006, New Zealand Refining said yesterday.
The improvement in the period - after margins were reduced in September and October - was because of high availability of processing units and good international prices for the refinery's products.
"Differing product specifications around the world, continued high demand for high-quality fuels and political tension are factors that continue to support margins," the company said.
- NZPA
