Hydrocarbons lead Oz extractives growth

AUSTRALIA'S oil and gas sector will lead the resources industry's charge next financial year, with market research firm IBISWorld projecting greater revenue growth than any other local extractives sector, underpinned by the east coast's LNG projects going online.

Having dropped by 2.3% in 2014-15 - the lowest decline out of iron ore, black and brown coal and uranium mining - oil and gas extraction revenues will rebound the strongest in 2015-16 by 12.


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