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Minister Welcomes Foreign Investment in NZ Petroleum Sector
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Minister Welcomes Foreign Investment in NZ Petroleum Sector
A London-listed energy company has agreed to buy established oil and gas operations in Taranaki, in a deal Resources Minister Shane Jones says shows growing international confidence in New Zealand's petroleum sector.Sunda Energy announced today it will purchase Matahio Energy's New Zealand assets, including the producing Cheal, Cheal East and Sidewinder fields, plus the Puka exploration permit.The deal covers well-established onshore operations …
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