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Oil chiefs slam deepwater drilling ban

Published 23/06/2010

Oil industry executives have warned that President Barack Obama's six-month ban on deepwater drilling would hit world supplies.

Transocean president Steven Newman , owner of the Deepwater Horizon rig that has spewed millions of gallons of oil into the Gulf of Mexico, told the World National Oil Companies Congress in London that the ban, which is currently being reviewed by a US federal judge, was unnecessary.

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