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NZ continues to meet IEA quota

NEW Zealand has secured sufficient oil reserves to ensure it will continue to meet its International Energy Agency obligations for 2012.

In his first announcement as energy and resources minister, Whangarei MP Phil Heatley said New Zealand's total 90-day obligation for 2012 was 1.1 million tonnes. It is about 100,000t less than the 2009-2011...

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