SYDNEY — New Zealand's government said on Sunday (June 9) it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.
PUBLISHED ONSYDNEY — New Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.
"Our current settings are a barrier to attracting investment in exploration and production because they are overly costly and onerous on industry."
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