Oil Security Review 2012
In 2011 and 2012, the Ministry of Business, Innovation and Employment (MBIE) commissioned three reports which address the optimal level of oil security in New Zealand. These proposals help to mitigate risks of two types of oil supply disruption:
- International supply disruption: Supply disruptions arising outside of New Zealand can result in a spike in the global oil price—affecting the domestic economy.
- Domestic supply disruption: Disruptions to domestic supply chain infrastructure can result in supply shortfalls, and distribution challenges, in New Zealand.
On 30 October 2012, MBIE released a discussion paper for public consultation that investigated a range of proposals to improve oil security in New Zealand. The proposals contained in the discussion document were derived from the commissioned reports, and through discussions with selected stakeholders.
Submissions closed on Tuesday 27 November 2012.
The submissions are being considered by MBIE officials who will provide advice to Ministers. It is possible that international and domestic proposals contained in this paper could be progressed separately.
- Discussion Paper [2.1 MB PDF]
- Three reports
The Ministry of Business, Innovation and Employment received a number of formal submissions in response to its discussion paper, Review of New Zealand’s oil security, released on 30 October 2012. You can see those submissions here.