New Zealand’s motorists would have to pay at least 1 NZ cent more for a litre of gasoline to help pay the NZ$640 million needed to boost the country’s oil reserves to international standards, according to a government report. (US$1=NZ$1.4). New Zealand now holds just 60 days of oil in reserve, short of the 90-day…
NEW ZEALAND: NZ$640 million needed to boost national oil reserves
Posted on January 24, 2005 by EnergyAsia