In brief: National Petroleum Company prepares to raise investment billions, and other business stories

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National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.

People moves: Crater Gold, POMSoX, Puma

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New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma

People moves: Puma, Digicel, Indochine Mining

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Two new board members for Puma Energy, a new CEO for Digicel PNG and Indochine Mining company secretary departs.

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

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Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.

Puma Energy plans $US220 million refinery upgrade in Papua New Guinea

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Puma Energy, which acquired the downstream assets of InterOil Corporation in Papua New Guinea in the the middle of 2014, is planning a major US$220 million upgrade of its Napa Napa refinery outside Port Moresby. According to a senior Puma executive, the upgrade will facilitate not only more reliable domestic supplies of petroleum products, but exports.

Puma Energy commits to PNG growth, rebrands first service station

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Puma Energy is starting to show its colours in Papua New Guinea, with the rebranding of its first service station following the acquisition of InterOil’s downstream assets in PNG earlier this year. It’s part of a regional investment strategy, PNG General Manager Peter Diezmann tells Business Advantage PNG.

Puma Energy enters PNG market with InterOil deal

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Papua New Guinea’s oil and gas sector has a new player after Singapore-based Puma Energy’s purchase of InterOil Corporation’s downstream business.