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“NEW ZEALAND GOVERNMENT PROPOSES REVERSAL OF OFFSHORE OIL EXPLORATION BAN”

Why in the news? New Zealand’s government plans to introduce legislation to lift the ban on offshore petroleum exploration, aiming to stimulate investment in the country’s oil and gas sector. The proposed bill seeks to overturn the ban implemented in 2018, except for exploration in the energy-rich Taranaki region, signaling a shift in New Zealand’s …

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