Refining NZ’s Marsden Point Refinery could be on the verge of closing its refining functions, following a net loss of $198.2 million, Stuff reports. The loss includes a previously announced non-cash impairment on its refining assets of $158m and compares with a small profit of $4.1m in the previous year to December. The Refinery’s revenue fell 29 per cent to $245.7m. The company said it was now ‘’well progressed’’ on assessing the potential option of closing its refining facilities and importing refined fuel instead.