Prime Minister John Key is ruling out ''election bribes''
either in the Budget next month or in the election campaign,
saying anything more than a modest increase in spending means
higher interest rates.
Representatives of oil and gas giant Anadarko are expected in
Dunedin as early as Monday to confidentially brief various
parties about the first assessment of its drilling programme
off the Otago coast.
New Zealand Oil and Gas has finished its seismic testing
off the coast between Dunedin and Oamaru. Business editor
Dene Mackenzie asked chief executive Andrew Knight about the
next steps in the search for hydrocarbons.
New Zealand Oil and Gas, which has been testing for
hydrocarbons off the coast of Otago, plans on establishing a
regional community panel to develop a ''deeper
relationship'', chief executive Andrew Knight says.