Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.
Puma Energy
The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
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.
O’Neill says India keen to buy PNG gas, industry divided over vegetable import ban, and Konebada Petroleum Park Authority signs feasibility study deal. Your weekly digest of the latest business news.
This weekend, the Pacific Games commences in Port Moresby, attracting some 4000 athletes from across the Pacific, with events televised in each of the 24 participating countries. How has Papua New Guinea business made the most of the opportunity? Business Advantage PNG investigates.
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.
New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma
Two new board members for Puma Energy, a new CEO for Digicel PNG and Indochine Mining company secretary departs.
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In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories
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, 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.