MARKETS

Tamarind mess resolving as gov't begins Tui decom

WORK is beginning on decommissioning the Tui oil field offshore New Zealand operated by the liquidated Tamarind Taranaki with the government estimating the total cost of NZ$155 million (A$144 million) to be borne by the taxpayer.

Helen Clark

Tamarind mess resolving as gov't begins Tui decom

In total it is thought Tamarind Taranaki owes over $320 million, but it is unlikely its Malaysia headquartered parent Tamarind Resources will be forced to pick up the bill. The Crown is an unsecured...

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