New report on the petroleum and minerals sector

Issue 54 – October 2013

A new report reveals how the New Zealand petroleum and minerals sector is performing. The sector has seen sustained growth for more than 10 years and the report shows that it generates $333 per hour worked, making it the most productive in the New Zealand economy.

The report also notes several influences that are driving changes in the sector globally, including higher oil prices, increasing production of unconventional petroleum, and increasing concerns over the impact of climate change.

→ Read the full media release(http://www.beehive.govt.nz/release/petroleum-amp-minerals-sector-boosts-nz-economy)

→ Read more and download the report on the Ministry of Business, Innovation and Employment website(http://www.mbie.govt.nz/what-we-do/business-growth-agenda/sectors-reports-series/petroleum-and-minerals-report)

Summarised from a New Zealand Government media release, 3 September 2013.

Published in energy.