Refining
Our subsidiary Chevron New Zealand is a 12.7 percent shareholder in the New Zealand Refining Company Ltd., which operates the New Zealand Refinery, near Whangarei on North Island.
The refinery's construction in 1964 was a milestone for New Zealand because it reduced the nation's reliance on imported refined fuel to meet its energy needs. In 2012, the refinery approved a $285 million expansion project to increase efficiency and refining capacity. Chevron's allocation of refinery production is based on our market share in New Zealand. We receive 25,000 barrels per day of the refinery's production capacity of 115,000 barrels per day.
The refinery operates a pipeline to the Wiri Oil Services Ltd. terminal in Auckland, New Zealand's largest city. Chevron holds a 16.7 percent share in Wiri Oil Services Ltd.
Shipping
Chevron New Zealand is a 25 percent shareholder in Coastal Oil Logistics Limited, which operates coastal vessels that transport fuels refined in New Zealand to the country's terminals. Chevron owns six coastal terminals and has joint-venture or hosting arrangements with another four.
Marketing and Retail
Throughout New Zealand, consumers are familiar with Chevron's Caltex® brand, which first entered the local market in 1936.
There are 162 Caltex service stations serving motorists in New Zealand. Chevron also operates an extensive network of 75 Caltex diesel fuel filling stations, which serve the trucking industry.
Chevron's Delo® and Havoline® lubricant brands have helped the company establish a leading position in the nation's lubricants business.
Caltex with Techron® gasoline has been sold in New Zealand since 2006. In 2010, Caltex Diesel with Techron D® fuel was introduced. Techron is an additive that works like a detergent to remove and prevent fuel deposits in engines.
In 2011, Caltex became the founding partner of AA Smartfuel, a loyalty program that allows members to earn fuel discounts from purchases at retail chains. They can then accumulate their discounts and redeem them at participating Caltex retail sites nationwide.
Updated: April 2013
Cautionary Statement