InterOil snaps up Shell aviation fuel asset

INTEROIL has bought Shell Oil Products (PNG) Limited, which owns aviation fuelling asset Jackson International Airport in Port Moresby, for $US7.5 million (19.15 million kina).

The acquisition will be funded from existing debt and is expected to be accretive to InterOil's downstream distribution business, adding to its existing aviation fuel distribution network in Papua New

  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more