In brief: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories

Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
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Construction of Phase Two of Lae port redevelopment to start in 2016

A decision on who will build a second K300 million berth at the Port of Lae is expected by the end of 2015 and construction due to commence in 2016, according to PNG Ports’ Chief Executive Officer, Stanley Alphonse. A new industrial park and an international operator for the port is also on the cards.
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Port Moresby 2018 APEC Summit to deliver significant opportunities for Papua New Guinea business

Papua New Guinea’s APEC 2018 Coordination Authority is on track to deliver its budget for the 2018 event later this year, with interim CEO Christopher Hawkins saying it will highlight the opportunities the business sector can capitalise on.
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In brief: Papua New Guinea Power fast-tracks extra machines to stabilise power in Port Moresby, and other business stories

Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom's purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.
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Woodside launches non-binding bid for Oil Search as Papua New Guinea gas attracts attention

Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea's largest companies, Oil Search Ltd. It's the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
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Papua New Guinea LNG projects viable, despite low commodity prices, says Oil Search’s Botten

Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.
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In brief: Papua New Guinea Government may review petrol supply regime, and other business stories

O'Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.
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